Bilal Achacha appointed as new General Manager of the National Investment Fund

The National Investment Fund (FNI), Algeria’s state financial arm, has appointed Bilal Achacha as its new General Manager, succeeding Salah Labani. The official installation ceremony took place on Tuesday, November 10, led by the Secretary General of the Ministry of Finance, in the presence of key sectoral officials. Before this appointment, Achacha served as the head of the National Agency for the Support and Development of Entrepreneurship (Anade) since April 2024. With a background from the Maghreb Development Finance Institute in Tunisia, he is recognized for his expertise in organizational restructuring gained through roles in public institutions like Algérie Poste. Achacha will lead the FNI as it manages a capital of 275 billion dinars, focusing on major productive investments. The fund remains a key partner in large-scale projects, including the Baladna dairy farm in Adrar, the Algerian Qatar Steel complex in Bellara, and collaborations with automotive giants such as Renault and Stellantis.