As part of supporting entrepreneurship and intensifying efforts to assist project holders, the National Agency for the Support and Development of Entrepreneurship (NESDA) and the National Agency for the Management of Microcredit (ANGEM) signed an important cooperation agreement aimed at facilitating the expansion of activities and ensuring the sustainability of small enterprises in Algeria.
In a step reflecting the new dynamism of the entrepreneurial sector in Algeria, the headquarters of the General Directorate of the National Agency for Support and Development of Entrepreneurship (NESDA) witnessed today, January 14, 2025, the signing of a cooperation agreement with the National Agency for the Management of Microcredit (ANGEM). This partnership aims to provide comprehensive support to project holders benefiting from microcredits and to assist them in developing and expanding their economic activities. The agreement focuses on coordinating efforts between the two institutions to establish joint working mechanisms that simplify administrative procedures and enhance the quality of training and technical guidance services. Furthermore, it aims to facilitate access to appropriate funding sources for business expansion or activity diversification. For his part, the General Manager of NESDA, Mr. Bilel Achaacha, emphasized that this initiative falls within the State's vision to support young entrepreneurs. He highlighted the pivotal role played by micro-enterprises in building a diversified economy and creating sustainable job opportunities. He also noted that unifying the efforts of NESDA and ANGEM will contribute to transforming many ideas and projects into genuine success stories. On her part, the General Manager of ANGEM explained that the agreement represents a new starting point for supporting microcredit beneficiaries. She stated that it provides a practical environment that helps them develop their projects effectively and contributes to supporting local development. This agreement embodies the commitment of both institutions to supporting entrepreneurship and consolidating a culture of self-employment among the youth through continuous and comprehensive support that ensures the sustainability and success of micro-enterprises in Algeria.