Algerian and Congolese economic operators are being urged to step up collaboration to reinforce bilateral cooperation between the two nations. Strategic partnership prospects were evaluated in this context between the Director General of the Algerian Investment Promotion Agency (AAPI) and the Minister of International Cooperation and Promotion of Public-Private Partnership of the Republic of the Congo, currently on a working visit to Algeria.
Received on Wednesday by AAPI Director General Omar Rekkache at the agency’s headquarters, Congolese Minister of International Cooperation Denis Christel Sassou Nguesso expressed his country’s keen interest in strengthening cooperation with Algeria in investment and exploring avenues to develop fruitful partnerships between business stakeholders from both sides, serving economic development and bolstering mutual integration.
Mr. Rekkache showcased Algeria’s experience in investment promotion and business climate optimization, according to an AAPI statement released on Wednesday. He highlighted the core missions of the Algerian Investment Promotion Agency, the structural reforms undertaken by the state to improve the investment ecosystem, investor support mechanisms, and prime investment opportunities in priority sectors—including energy, manufacturing, pharmaceuticals, mining, agriculture, and services. A walkthrough was provided for the Congolese minister during his visit to the dedicated single window for major projects and foreign investment, where he examined the various represented administrative bodies, its operational model, and the services provided to investors.
According to the same source, the meeting served to “examine perspectives for strengthening economic ties and investments between Algeria and the Republic of the Congo, particularly in light of opportunities created by Algeria’s new investment law and business climate.” Both parties stressed the imperative of multiplying joint ventures between economic actors in both countries. The previous day, Congolese officials accompanying the minister voiced a firm commitment to draw inspiration from the Algerian model regarding project assistance to design and deploy a clearer, fully stable, and highly attractive domestic investment framework.
Regional Meeting of Investment Promotion Agencies
Regional cooperation in investment policies and promotion will top the agenda at the upcoming regional conference of investment promotion agencies for the Middle East and North Africa (MENA) region, hosted by Algeria this coming September.
The announcement was made by the Director General of AAPI, in his capacity as Regional Director for the MENA region within the World Association of Investment Promotion Agencies (WAIPA), during the 5th session of the association’s subcommittee on regional groupings of investment promotion agencies (SCRIPA), conducted on Monday via videoconference.
Mr. Rekkache, who underscored the necessity of deepening collaboration among investment promotion agencies, called for leveraging the region’s economic integration and working collectively to promote it as an integrated global investment destination.