Algerian state bank BNA doubles its capital to $2.27bln
Social capital was increased to 300 billion Algerian dinars from 150 billion dinars, representing a 100% increase.
The bank said in statement that this was part of its "strategy to strengthen its financial capabilities and support the financing of the national economy." ($1 = 131.8478 Algerian dinars)
(Reporting by Tarek Amara; Editing by Toby Chopra)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Broadcast Pro
10-07-2025
- Broadcast Pro
AfTIAS 2.0 drives ICT-led economic transformation in Algeria
Through targeted initiatives, the programme is improving the competitiveness of tech startups and SMEs by addressing the challenges they face, from capacity-building to international market access. Information and Communication Technology (ICT) is rapidly reshaping the global economic landscape, offering transformative solutions that improve business efficiency, boost competitiveness and create new growth pathways. In Algeria, the Aid for Trade Initiative for Arab States (AfTIAS) 2.0 programme is at the forefront of this shift, playing a key role in advancing the country's information and digital technology (IDT) sector. Through a series of targeted initiatives, AfTIAS 2.0 has focused on enhancing the capabilities of tech startups and small-to-medium enterprises (SMEs) by addressing structural challenges that hinder their growth. These efforts include support for digital transformation, capacity-building, and access to international markets, ultimately contributing to a more robust entrepreneurial ecosystem in Algeria. A major aspect of the programme has been its work with Business Support Organisations (BSOs) such as Algeria Venture and the Algerian Startup Support Fund (ASF). With customised capacity-building support, these organisations are now better equipped to mentor startups, offer advisory services, and connect entrepreneurs with funding sources. A dedicated workshop on digitalisation enabled Trade Support Institutions (TSIs) to develop actionable digital strategies, empowering them to better serve businesses adapting to rapid technological changes. At the enterprise level, AfTIAS 2.0 has delivered specialised training that addresses key gaps in business models, financial planning and global market readiness. In collaboration with partners like IncubMe, these programmes have delivered hands-on learning in data science, investor preparedness, and commercial strategy. The aim has been to give startups the practical tools necessary to grow, scale and compete in both local and international arenas. AfTIAS 2.0 has also played a pivotal role in providing Algerian startups with international exposure. Participation in major global tech events such as GITEX and Viva Technology has allowed emerging businesses to showcase their innovations, network with global investors, and forge new partnerships. One such startup, Namlatic, gained significant attention after securing deals with local hotels and receiving widespread media coverage. Similarly, six Algerian entrepreneurs in digitalisation and automation, all previous beneficiaries of the programme, represented the country at the third Arab SMEs Summit in Doha, Qatar. These collective efforts highlight the broader impact of ICT as a driver of economic transformation, not merely a tool for modernisation. By integrating digital technologies into trade and enterprise development, AfTIAS 2.0 is opening up new pathways for sustainable growth. The programmes commitment to inclusivityparticularly its focus on empowering women and youth in the tech sectorunderscores its mission to foster equitable development. Despite these advancements, the path forward is not without challenges. Ensuring institutional stability, expanding digital infrastructure, and maintaining investments in skills development remain critical priorities. AfTIAS 2.0 continues to address these needs through diagnostic assessments and sustained technical support, reinforcing its long-term vision for economic resilience. As Algeria navigates its digital future, the success of AfTIAS 2.0 serves as an example of how ICT can help emerging economies not only integrate into the global economy but lead in shaping its direction. Through strategic innovation and inclusive capacity-building, the programme is laying the groundwork for a digitally empowered and economically vibrant future.
Zawya
23-06-2025
- Zawya
Protecting Indian interest ‘supreme' in U.S. trade talks, says India trade ministry source
Protecting Indian interest is "supreme" in bilateral trade talks with the U.S., an Indian trade ministry source said on Monday, as the country rushes to clinch a trade agreement with the U.S. before the expiry of the pause on steep reciprocal tariffs imposed by President Donald Trump. (Reporting by Manoj Kumar, writing by Sakshi Dayal; Editing by Toby Chopra)
Broadcast Pro
10-06-2025
- Broadcast Pro
Algeria's El Ikhbariya channel joins Es'hailSat's video hotspot
Es'hailSat continues growth of video neighborhood at 26° East with the public broadcaster. Es'hailSat, the Qatar Satellite Company, has expanded its channel offerings by incorporating Algeria's El Ikhbariya (Algeria 3 / A3) TV channel into its video distribution lineup at the 26° East orbital position, facilitated by the Es'hail-2 satellite. The Es'hailSat satellite footprint strategically encompasses the Middle East and North Africa (MENA) region, optimising signal coverage and enabling significant viewership potential for the public broadcaster's channel from the Public Establishment of Broadcasting in Algeria (TDA) throughout this expansive area. The scope of the agreement also includes five radio channels to cover the MENA region. This enhancement underscores Es'hailSat's commitment to delivering a diverse range of content to satisfy regional demand. The Public Establishment of Broadcasting in Algeria (TDA) is Algeria's national public broadcaster. It is a state-owned entity charged of broadcasting of television programmes (EPTV Public Establishment of Algerian TV ) and Radio programmes ( EPRS Public Establishment of Algerian Radio). Originally established in 1986, born from the restructuring of the previous RTA Establishment (Algerian Radio and TV) TDA Ensures the exclusive broadcasting and the transmission in Algeria and abroad of the programs of public service establishments of the programs of public service establishments and those of entities authorized to use the public domain. Es'hailSat provides satellite, broadcast, teleport and managed services from Doha, Qatar and brings to this relationship more than 15 years of being in the business of catering to broadcasters, telecommunication companies, enterprises, mobility applications and governments across the Middle East and North Africa. Es'hailSat's two satellites at 25.5/26 East together with our 50,000 sqm Tier-4 certified teleport facility provides reliable and robust connectivity services. Ali Ahmed Al-Kuwari, President and CEO, Es'hailSat, said: 'Es'hailSat is delighted to welcome Algeria's El Ikhbariya (A3) TV channel and bring on board Algeria's public broadcaster to our satellite hotspot. We believe that the reliability and expertise in providing satellite services by Es'hailSat aligns perfectly with EPTV's vision to serve as the primary state and public broadcaster, providing comprehensive and reliable information to the Algerian public.' The channels are now part of the Es'hail-2 channels bouquet which further adds to the attractive line up of premium content currently broadcast via Es'hail-2 satellite.
