Algeria is Africa’s third biggest economy – yet the Bourse D’Alger is among the smallest stock exchanges in the world, with only a handful of listed companies.
Now, for the first time, the country plans to allow foreign investors to buy stocks on the exchange, though only in partnership with domestic investors. Will they bite?
Analysts reckon overseas buyers will see potential in Algeria – especially as it contains 2.4 per cent of the world’s natural gas reserves – but fear that they could be dissuaded by its government’s heavy-handed regulatory regime.
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