Algerian companies are mentioned by name in a presidential instruction addressed to the Prime Minister, members of the government, and managers of companies in the commercial public sector.
They are accused of “serious attacks on national security” by forging “contractual relations with foreign entities without consideration of the economic and strategic interests of the country.”
“These relations initiated without consultation, result – one can imagine – in the provision of foreign entities of sensitive data and information which can harm the vital interests of the country and its security”, we read in the instruction signed by President Abdelmadjid Tebboune.
” Hateful foreign lobbies vis-à-vis Algeria “
Are cited, ” by way of example “, the Algerian Insurance Company (SAA) and the Algerian Insurance and Reinsurance Company (CAAR) ” which have established contracts with companies of Moroccan origin”, and “Djezzy whose publicity is ensured by companies close to hateful foreign lobbies vis-à-vis Algeria.”
According to our sources, the two public insurance companies have been using an information system provided by a Moroccan company for years. A system that can be acquired in Algeria.
For the Head of State, these are “most often contracts that generate foreign currency outflows for barely average services that Algerian companies can easily support.”
To this end, Mr. Tebboune assures that he has given instructions to the Minister of Finance ” so that no dividend linked to such contracts which must be terminated on the spot is transferred abroad.”
Consequently, the President of the Republic ” in view of the negative effects of these practices which tend to become widespread “, instructs all the managers concerned of the companies to the effect ” to put an end to this type of relationship within a maximum period of time. ten (10) days”, “to show, in the future, more responsibility and circumspection in their relations with their foreign partners”, and to ensure “in all circumstances to the preservation of the superior interests of the State.”
Lastly, the Head of State warns that any failure to take charge of his instruction “will be considered as involving concussion and complicity and will be treated as such, in accordance with the legislation in force.”
