The Compagnie Algérienne d’Assurance et de Garantie des Exportations (CAGEX) and the Banque Extérieure d’Algérie (BEA) have signed an insurance contract for factoring operations. The agreement was made on October 29, 2026, at the BEA's headquarters. CAGEX's CEO, Zohir Laiche, and BEA's CEO, Hosni Benabbes, signed the contract. This partnership aims to contribute to the financing of enterprises, facilitate the management of their receivables, and support their development.
The collaboration between CAGEX and BEA seeks to provide tailored solutions to meet the needs of Algerian businesses. By signing this contract, both parties reaffirm their commitment to supporting economic operators and strengthening mechanisms for financing the national economy. This move is expected to enhance the growth and development of Algerian enterprises.
In recent months, the Banque d’Algérie has made significant regulatory efforts to facilitate factoring operations. In September 2026, the bank published a regulation (n° 26-03) outlining the conditions for banks and financial institutions to engage in factoring activities. This was followed by the publication of instruction nº 09-2026 in October, which provides practical guidelines for the exercise of factoring.
The factoring insurance contract between CAGEX and BEA marks a significant milestone in their partnership. Factoring is a financial service that allows businesses to manage their receivables more efficiently. By insuring these operations, CAGEX and BEA aim to mitigate risks and provide a safer environment for businesses to operate.
The development of factoring operations in Algeria is part of a broader effort to enhance the country's financial infrastructure. By providing businesses with more efficient financial tools, the government hopes to stimulate economic growth and attract investment. The insurance contract between CAGEX and BEA is expected to play a key role in this process.
CAGEX, as Algeria's export insurance firm, plays a crucial role in supporting the country's export sector. By partnering with BEA, a major bank in Algeria, CAGEX can provide more comprehensive services to businesses. This collaboration is expected to have a positive impact on the country's economic development.
The insurance contract between CAGEX and BEA is a significant development in Algeria's financial sector. It demonstrates the commitment of both parties to supporting economic growth and enterprise development. As Algeria continues to implement regulatory reforms, such partnerships are expected to play a key role in shaping the country's economic future.
Key points
- CAGEX and BEA have signed an insurance contract for factoring operations to support Algerian businesses and economic growth.
- The contract aims to provide tailored solutions to meet the needs of businesses and strengthen mechanisms for financing the national economy.
- The partnership is part of a broader effort to enhance Algeria's financial infrastructure and stimulate economic growth.
