President of CGEA Saida Neghza Shares Vision for an Economic Resurgence in Algeria, Hails President Tebboune’s Insightful Vision
BY: Hana Saada
ALGIERS- In a recent interview with the BBC channel, Mrs. Saida Neghza, the President of the General Confederation of Algerian Enterprises (CGEA), offered insightful perspectives on Algeria’s economic landscape and its potential for growth. With a remarkable personal journey and a steadfast commitment to her country, Neghza painted a picture of hope and resilience, emphasizing the need for clean and patriotic businessmen to drive a real start to the economy. Her statements shed light on the challenges faced by Algeria and the determination required to overcome them.
Neghza began by highlighting her childhood experiences, where she learned the importance of self-reliance, instilling in her a courageous strength that has guided her throughout her life. Her reliance on herself has been instrumental in her fight against corruption and her unwavering dedication to the prosperity of Algeria.
Acknowledging the recent positive developments, Neghza attributed Algeria’s economic indicators turning green to the recovery in oil and gas prices, as well as the strict and far-sighted policies of President Abdelmadjid Tebboune. These factors have provided a foundation for rebuilding an economy that has suffered from years of mismanagement and looting.
Reflecting on the challenges faced by Algeria in the past two decades, Neghza did not shy away from acknowledging the disastrous impact on the country’s economy. The looting of Algeria’s money left a scar that she is determined to heal, and the subsequent crisis caused by the COVID-19 pandemic has only deepened the global economic downturn.
Despite these hardships, Neghza expressed optimism about the future. She pointed to signs that indicate a better future for investment in all sectors. Algeria possesses clean and patriotic businessmen capable of leading the country out of its current crisis. While acknowledging the presence of bureaucracy that hinders progress, Neghza expressed confidence that the situation will change, ushering in a New Algeria that will align with the President’s insightful vision.
Throughout her career, Neghza has been a vocal advocate for truth and transparency. She fearlessly confronted corruption and stood her ground, even in the face of personal challenges such as institutional closures and health issues. Her unwavering commitment to her country and her refusal to leave Algeria, regardless of the circumstances, exemplify her dedication to the nation.
Neghza emphasized that the New Algeria boasts a justice system free from corruption, enabling honest businessmen to contribute to the country’s economic revitalization and create employment opportunities. She dismissed claims of a hidden gang seeking to corrupt Algeria, confident that justice will prevail and the looted funds will be recovered, even if they are hidden abroad.
To illustrate the transformation that has taken place, Neghza highlighted the presence of corrupt officials from the previous regime who now face legal consequences. This tangible evidence of change demonstrates the commitment of the new Algerian regime to honesty and accountability.
Addressing misconceptions about Algeria, Neghza refuted claims of poverty plaguing the country. Despite the global economic crisis, Algeria stands apart by not only providing housing, basic necessities, and free education but also offering opportunities for its citizens. She criticized the harragas, individuals who risk their lives to migrate to Europe in pursuit of wealth, only to find themselves destitute and homeless. Neghza emphasized the need for Algerians to remain in their country and contribute to its growth.
Neghza also touched on taxation, asserting that Algeria imposes minimal taxes compared to other countries, especially in Europe. In her view, Algerian women play a vital role in the country’s development, asserting their strength and presence across various fields. She firmly stated that women should not require quotas for representation in elected councils, as they are equally capable as men.
Mrs. Saida Neghza’s interview revealed a woman of immense courage and dedication to her country. Her vision for a prosperous Algeria, driven by clean and patriotic businessmen, provides a beacon of hope amidst challenging times. With her resolute commitment to truth, justice, and accountability, Neghza serves as an inspiration to all Algerians, urging them to work together to build a brighter future for their nation.
Prominent Algerian Figure and Business Leader Recognized for Her Global Influence
Algeria has found a guiding light in the form of Saïda Neghza, a remarkable figure who has emerged as a leading force in the country’s economic landscape. As the Managing Director of Soralcof Algeria and the President of the General Confederation of Algerian Enterprises (CGEA), Neghza’s tireless efforts have not only transformed the local business environment but also earned her recognition on the international stage. With a passion for fostering economic stability and prosperity, she has become a pivotal figure in promoting cooperation and understanding between nations.
Neghza’s impact extends far beyond Algeria’s borders, as she has actively engaged with regional and international communities. Her involvement with BusinessMed, an organization bringing together employers’ confederations from Mediterranean countries, highlights her commitment to fostering collaboration across the Mediterranean basin. Her leadership as the chair of Businessmed from 2017 to 2020 laid the foundation for stronger economic ties and increased prosperity in the region.
Furthermore, Neghza has taken on the mantle of representing African employers through Business Africa, which encompasses fifty-four countries. This prestigious position emphasizes her ability to bridge divides and create opportunities for economic growth across the African continent. As a member of the Board of Directors of the International Labor Office, the International Labor Organization (BIT/ILO), and the African representative within the International Organization of Employers (IOE), Neghza actively shapes global labor policies and champions the interests of employers.
In a groundbreaking achievement, Saïda Neghza’s election as the head of the Board of Directors of the Arab Labor Organization (ALO) highlights her stature and influence within the Arab world. This historic appointment underscores Algeria’s growing prominence and is a testament to Neghza’s unwavering dedication to advancing the interests of the Algerian business community. Her appointment has brought immense pride to Algeria, as it marks the first time the country has chaired the Board of Directors of the Arab Labor Organization.
At home, Neghza operates in tandem with Algeria’s ambitious reform program, which aims to revitalize the country’s legal framework and attract investments from all sectors. As the President of the CGEA, Neghza acts as a vital liaison between entrepreneurs and public authorities, advocating for policies that promote a healthy business climate and sustainable development. The CGEA’s role in bridging academia and industry also underscores Neghza’s commitment to nurturing the growth of start-ups and young entrepreneurs.
Internationally, Neghza engages in dynamic economic diplomacy, aligning with Algeria’s foreign trade and cooperation policies. Recognizing Algeria’s influential position in the regional landscape, Neghza strives to fulfill President Abdelmadjid Tebboune’s vision and enhance Algeria’s economic standing through strategic partnerships and collaboration. Her relentless efforts have resulted in numerous partnership agreements that bolster Algeria’s economic prospects and solidify its position on the global stage.
In recognition of her outstanding achievements, Saïda Neghza has once again been listed among the 50 most influential businesswomen in Africa by the renowned economic and financial magazine “Forbes Afrique.” Neghza’s inclusion in this prestigious list highlights her status as a wealth creator, job provider, and catalyst for economic dynamism across the continent. Her tireless dedication to transforming Algeria’s economy and her influential presence in regional and international forums have cemented her reputation as a trailblazer and a champion for economic prosperity.
Saïda Neghza’s journey exemplifies the transformative power of visionary leadership. Her contributions to Algeria’s economic development, coupled with her regional and international endeavors, serve as a source of inspiration for aspiring entrepreneurs and leaders across the globe. As Algeria continues its journey towards diversified economic growth and sustainable development, Saïda Neghza stands at the forefront, leading the way towards a brighter future for her country and beyond.
