Axa enters joint venture in Algiers
Axa has signed two shareholders’ agreements in Algiers to set up two life and non-life insurance companies in partnership with the Banque Extérieure d’Algérie and the Fonds National d’Investissement (the Algerian National Investment Fund).
It is the first time the Algerian National Investment Fund has entered into a joint venture with a foreign investor.
Both investment projects are being implemented under new Algerian legislation for
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