Long characterised as a complex place do to business, Algeria has been taking meaningful steps to cultivate a more outward-looking economic environment. And though COVID-19 and the oil price shock have presented challenges to North Africa’s largest economy, the current situation has prompted further momentum behind much-needed diversification.
As BACB celebrates the 20th anniversary of its representative office in Algiers, Nabil Frik, Managing Director Africa & Middle East, reflects on the impressive progress that the country has made over the past two decades.