Algeria’s new Minister of Finance Brahim Djamel Kassali is no stranger to business

By Joël Té-Léssia Assoko
Posted on Monday, 25 July 2022 10:45

Brahim Djamel Kassali, the new Minister of Finance, spent 15 years at the head of the Algerian Insurance and Reinsurance Company (CAAR).
Brahim Djamel Kassali, the new Minister of Finance, spent 15 years at the head of the Algerian Insurance and Reinsurance Company (CAAR). [photo:mf.gov.dz}

Years of training abroad, a career in the administration and then in business... The new Algerian treasurer has a different profile from that of his predecessors.

Has Algeria’s President Abdelmadjid Tebboune finally found a hidden gem to run the benighted ministry of finance?

The instability in the post of Minister of Finance – three incumbents in three years – has been high since Tebboune’s arrival in power in December 2019. By officially installing Brahim Djamel Kassali (67) on 14 July, the Algerian head of state entrusted the post to a leader with a profile that is more complex than it appears. In a career spanning forty years, Kassali has helped the Algerian state resolve a major debt crisis… and helped transform the country’s financial industry.