Algeria’s Financial Landscape Boosted: Cosob Approves First Venture Capital Fund, Afiya Investments
The Algerian financial ecosystem has taken a significant leap forward with the recent announcement from the Stock Exchange Operations Organization and Supervision Commission (Cosob). Cosob confirmed on Wednesday that it has granted its inaugural approval for the establishment of a common risk investment fund (FCPR). This pioneering fund, officially named “Afiya Investments,” marks a crucial milestone in the nation’s efforts to diversify and strengthen its investment avenues, offering new opportunities for growth-oriented businesses.
Afiya Investments: Fueling High-Potential Sectors and Alternative Finance
Afiya Investments is poised to become a vital player in empowering innovative, unlisted companies within Algeria. The fund will be expertly managed by Tell Markets, a reputable investment fund management company. Its strategic focus will be directed towards enterprises operating in sectors identified for their strong potential for growth and structural transformation. As highlighted by Cosob, cited by the APS agency, these key areas include the healthcare industry, pharmaceutical manufacturing, and renewable energies. This targeted investment approach is designed to channel capital into critical sectors that can drive economic diversification and sustainable development. The approval of Afiya Investments is directly linked to the progressive new framework introduced by Cosob regulation n°24-02. This regulation, dated October 23, 2024, and published in the official gazette on May 7, 2025, specifically pertains to collective risk capital investment undertakings (OPCRs). This regulatory evolution underscores Cosob’s commitment to creating a robust and transparent environment for alternative financing mechanisms.
For Cosob, the authorization of “Afiya Investments” represents far more than just a single fund approval; it is a monumental stride in the establishment of a structured alternative financing ecosystem. This strategic development is geared towards fostering productive investment across the nation, especially for innovative startups and growing companies traditionally outside conventional stock market listings. By enabling such specialized investment vehicles, Algeria is laying down a stronger foundation for capital mobilization, supporting high-impact sectors, and cultivating a dynamic environment for economic expansion. This initiative is expected to unlock new avenues for domestic and potentially regional investment, propelling forward crucial industries.
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