The inaugural National Salon for Young Investors was launched in Tizi-Ouzou, Algeria, by the local wali, Abdelhakim Chater, at the Olympic Sports Complex. The event brings together 38 young investors from 12 wilayas across the country. Organizers describe the salon as a platform for guidance and advice for inexperienced young entrepreneurs, offering numerous training sessions, meetings, and conferences. The event aims to facilitate the exchange of experiences and expand contacts and interests among participants.

Anis Ben Tayeb, a young investor and organizer, emphasized that the salon's core messages are "hope and hard work." The president of the Djurdjura Chamber of Commerce and Industry, Lakhdar Madjen, expressed the chamber's commitment to supporting young investors, inviting them to approach the chamber for assistance and guidance throughout the investment process. The chamber's role is to address concerns and provide necessary support to young entrepreneurs.

Wali Abdelhakim Chater, in his opening address, expressed his pride in seeing young people at the forefront of Algeria's national economic process. He described the salon as a showcase for young entrepreneurs who have demonstrated determination and courage in establishing their businesses. Chater highlighted the importance of perseverance and hard work in the entrepreneurial journey, citing the successes achieved by young investors in a short period as examples to be encouraged and emulated.

The wali acknowledged the efforts of young investors in contributing to the local economy and praised the government's initiatives in supporting young people in taking charge of their own projects. He emphasized that national development relies on the contributions of all willing participants, particularly the younger generation. Chater called on all stakeholders, including banks, insurance institutions, and government agencies, to facilitate conditions for young investors to succeed.

In his address, Wali Chater urged stakeholders to work towards eliminating unnecessary bureaucratic delays and providing necessary support to young entrepreneurs. He emphasized the importance of creating an enabling environment for young investors to thrive, ensuring that their high expectations for the country's future are not disappointed. The wali's comments reflect the government's commitment to fostering a supportive ecosystem for young entrepreneurs.

During the event, a young investor raised a question about the creation of a dedicated zone for digital activities. In response, Wali Chater expressed the government's willingness to work in this direction, citing the challenge of securing suitable land. The salon, which concludes tomorrow, provides a platform for young investors to network, share experiences, and explore opportunities for growth and development.

The National Salon for Young Investors aims to promote entrepreneurship and economic growth in Algeria by empowering young investors and providing them with the necessary tools and support. With the government's commitment to facilitating conditions for young entrepreneurs, the event offers a promising outlook for the country's future economic development. The participation of 38 young investors from across the country underscores the growing interest in entrepreneurship among Algeria's youth.

Key points

  • The Algerian government is committed to supporting young entrepreneurs through initiatives such as the National Salon for Young Investors.
  • The event provides a platform for young investors to network, share experiences, and access guidance and advice.
  • The government aims to eliminate unnecessary bureaucratic delays and provide necessary support to young entrepreneurs to ensure their success.

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SaharaWire Newsroom
SaharaWire

Reporting for SaharaWire from the Nairobi bureau.