Algeria has introduced a special incentive to help local startups raise money through the capital markets by waiving stock exchange fees for three years, from 2026 to 2028.
Under the new measure, startups with official certification can list and raise funds on the Algiers Stock Exchange’s “Growth” segment without paying the usual costs tied to public offerings. These saved charges include fees for regulatory approval of offering documents, exchange listing charges, and fees related to securities administration, custody, and management. The policy applies to fundraising operations of up to 500 million Algerian dinars (about $3.85 million).
The initiative was jointly announced by Algeria’s capital market authorities — the Commission for the Organization and Supervision of Stock Exchange Operations (COSOB), the Algiers Stock Exchange operator (SGBV), and Algérie Clearing, the central securities depository.
Officials say the exemption aims to reduce barriers that often deter young companies from tapping public markets for growth capital. By removing upfront costs, the government hopes more startups will consider equity financing as a viable alternative to traditional debt or private funding.
The “Growth” segment is designed for high-potential firms that might otherwise struggle to meet the requirements of the main market, and it currently hosts only a few listings. Algeria’s broader stock market remains modest in size, with just a handful of companies listed so far.
This fee waiver is part of wider efforts to promote entrepreneurship, innovation, and economic diversification by strengthening the ecosystem for startup financing in Algeria.
