Algeria’s economy has been struggling since the downfall of former President Abdelaziz Bouteflika, who was ousted in 2019 amid widespread protests. To address this issue, business leaders in the country are looking to strengthen their ties with counterparts in other African nations in order to revive the Algerian economy.
One such leader is Kamel Moula, who was recently elected as the head of the Conseil du Renouveau Economique Algérien (CREA), a powerful employers’ association that is closely linked to President Abdelmajid Tebboune. Moula’s three-year term at the CREA has been marked by a push for greater economic diplomacy, as he aims to connect Algerian businesses with partners across the continent.
Moula and a CREA delegation are scheduled to travel to Kampala in May to meet with their counterparts in Uganda. This will be just one of many trips that Moula is expected to make as he works to build new relationships and expand trade between Algeria and other African countries.
This initiative comes at a crucial time for Algeria, as the country’s economic woes have been exacerbated by the COVID-19 pandemic. The Algerian government has struggled to provide adequate support for businesses and individuals affected by the pandemic, leading to widespread unemployment and financial insecurity.
Many business leaders are hopeful that Kamel Moula’s efforts will provide a much-needed boost to the country’s economy. Moula himself has emphasized the importance of collaboration and cooperation between countries, noting that “Africa is a continent with enormous potential, and we need to work together to realize that potential.”
Moula’s leadership at the CREA has also brought attention to the power of employers’ associations in shaping economic policy. By working closely with President Tebboune and other government officials, Moula has been able to make significant progress in advocating for policies that benefit Algerian businesses.
Overall, Kamel Moula’s focus on economic diplomacy and collaboration with other African countries is a positive development for Algeria. If successful, his efforts could lead to increased trade, investment, and economic growth for the country and the wider region.