Specialists and experts for “Al -Hiwar”: The establishment of the “Afriks Bank” branch in Algeria will enhance inter -trade – Algerian dialogue

Nasira Sayed Ali

Experts in the economic affairs confirmed in their interview with “Al -Hiwar” that the establishment of the “Afriks Bank” branch in Algeria would raise the level of facilities for Algerian exporters and importers, while related to financial transactions in inter -trade with African countries, stressing in the same context that this measure will give strong support and payment to the Algerian trade relations in the continent, which will facilitate Algeria, according to these experts, to access markets The African West and in the African continent in the future.

For reference, the Director of Trade, Investment and Institutions of Institutions at the African Bank for Export and Import, “Africa Bank”, Ayman Al -Zoghbi, announced that the bank intends to open a regional branch for it in Algeria, as part of its endeavors to enhance its presence in the African continent and support its current regional branches.

The African continent is a promising market that we have to earn .. Facilitating the conditions of funds will enhance inter -trade

On its importance and what he can provide to the African countries, Dr. Suleiman Nasser said, “This depends on the facilities by conducting the conditions in relation to funds so that the interest rate is not large, and that there are no difficult conditions for borrowing and payment, until it provides great services to economic institutions, explaining that“ Africa Bank ”is not the only bank at the level of Africa but rather the African Development Bank, but he sees that the lesson is not with the multiplicity of banks but rather the matter is related to it according to it In its ways of dealing and the facilitated conditions it provides to the member states.

The establishment of a branch in Algeria will enhance the Algerian trade activity in Africa

For his part, the economist, Dr. Boussal Bouchikhi, explained in his interview with Al -Hiwar that the establishment of a branch of “African Bank” facilitates payments, whether for the source and the importer together, stressing that “Africans Bank” will enhance the opportunities of companies and the banking system in increasing trade and investing with African countries in local currencies, and overcoming the largest obstacle, which is the pressure of foreign exchange, and this bank, according to the same speaker, does Intensive efforts in implementing commercial transactions through the PAPSS settlement and clearing platform that pumps large investments in its technological structure with the aim of making commercial transactions a success in the shortest time and with a high degree of safety, where the Bank of Africa Bank has activated the work of the PAPSS platform with West African countries, which proved its success in sending and receiving transfers at the trading of commercial partners in African countries with the currency of each country, He pointed to the expected of the African Export and Import Bank, “African Bank”, that 15 to 20 countries join the African payment and settlement system by the end of the year.

The expert Bouchkhi explained that African bank has taken Egypt a major headquarters since 1993 with the aim of creating ties between African countries with each other to achieve common interests, trade exchange and direct investments, as well as strengthening African ties with the outside world, resolving the crisis of trade financing with the rest of the African countries and ensuring exports.