Business
Bars, Restaurants, Nightclubs Close In Algeria
All through the 1990s, when Islamic militants waged a ferocious war on the Algerian state and nightlife died in the city that once called itself “The Paris of Africa,” the Hanani bar and restaurant stayed open. It was “an act of resistance,” says owner Achour Ait Oussaid.
Yet today, at a time when the bloodshed has ebbed, local authorities have shuttered the hole-in-the-wall bar. “This same state has done what the Islamists never managed to do,” Ait Oussaid said, standing amid abandoned tables and empty shelves gathering dust.
At least 40 bars, restaurants and nightclubs have been closed in the past year around Algiers alone, according to local media. The government insists that the closures are strictly a matter of safety and hygiene, but suspicion is widespread that Muslim conservative pressure is to blame.
Ait Oussaid, a Muslim like almost all of Algeria’s 32 million people, contends that officials caved in to a petition circulated in his seaside neighborhood of La Perouse demanding that the Muslim prohibition of alcohol be enforced.
Many see this as one of a series of measures the government is taking in Algiers and other cities to soothe Muslim sensitivities and isolate the militants who still carry out bombings and assassinations.
The North African country has a history of tolerance and secular-leaning government, but its nightlife has gone through several ups and downs.
When it was a French colony it boasted countless classy nightclubs and restaurants. The fun went on in the early years of independence in the 1960s, lost its flair when doctrinaire socialists ran the country, made an exuberant comeback, and then was devastated by the so-called “Black Decade” of Islamic violence and government countermeasures that left up to 200,000 dead.
The fighting erupted in 1992 when the army canceled elections that Islamic candidates were expected to win. In the ensuing years, bars, nightclubs and anything else the militants deemed Western could be targeted.
Ait Oussaid says he defied death threats to keep Hanani open. “For me, it was an act of resistance, a way to defend the Algerian state,” he said.
Youcef Kerdache, a construction entrepreneur who still drops by Hanani for old times sake, calls the bar a victim of “the ostentatious Islamization of Algerian society.”
Mohamed El Kebir, Algiers’ regional governor, declined to comment for this report, but speaking to the French-language Liberte newspaper, he said safety regulations are the only consideration, not “religion or other pressures.”
Still, other signs point to increasing enforcement of a stricter, more visible version of Islam. Several workers were prosecuted last fall for smoking in public during the Muslim fasting month of Ramadan. Groups of Algerian Muslims have recently been put on trial for converting to Christianity.
Censorship of sexual content on national TV has become stricter, and although women aren’t officially obligated to cover their heads, students at provincial universities complain of being pressured to wear head scarves.
While the affluent elite can unwind at Algiers’ costly private clubs or international hotels, the closures appear to be hitting lower-income neighborhoods hardest.
In the Boumerdes province next to Algiers, Gov. Brahim Merad has pledged not to approve a single liquor license. “Even better; I won’t miss a single opportunity to close the existing establishments,” the French-language El Watan newspaper quoted him as saying in June.
Rundown Boumerdes remains one of Algeria’s most violent areas, with several killings and roadside bombings a week on average, blamed on Al-Qaida-linked militants.
The programme of “national reconciliation” put forward by President Abdelaziz Bouteflika in 2005 is widely credited with ending the worst of the civil strife. But Rachid Tlemcani, a political science professor at Algiers University says: “We’re witnessing the slow growth and triumph of Islamism through society.”
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Edun made the call while speaking at the 2025 Fellowship Investiture of the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos, where he reaffirmed the federal government’s commitment to sustaining ongoing reforms and expanding access to finance as key drivers of economic growth beyond four per cent.
“We all know that monetary policy under Cardoso has stabilised the financial system in a most commendable way. Of course, it is a team effort, and those eye-watering interest rates have to be paid by the fiscal side. But the fight against inflation is one we all have to participate in,” he said.
The minister stressed the need for banks to broaden credit access and finance innovation-driven enterprises that can create jobs for young Nigerians.
“The finance and banking industry has more work to do because we must finance their ideas, deepen the capital and credit markets down to SMEs. They should not have to go to Silicon Valley,” he said.
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FG Seeks Fresh $1b World Bank loan To Boost Jobs, Investment
The facility, known as the Nigeria Actions for Investment and Jobs Acceleration (P512892), is a Development Policy Financing (DPF) operation scheduled for World Bank Board consideration on December 16, 2025.
According to the Bank’s concept note , the financing would comprise $500m in International Development Association (IDA) credit and $500m in International Bank for Reconstruction and Development (IBRD) loan.
If approved, it would be the second-largest single loan Nigeria has received from the World Bank under President Bola Tinubu’s administration, following the $1.5 billion facility granted in June 2024 under the Reforms for Economic Stabilisation to Enable Transformation (RESET) initiative.
The World Bank said the new programme aims to support Nigeria’s shift from short-term macroeconomic stabilisation to sustainable, private sector–led growth.
“The proposed Development Policy Financing (DPF) supports Nigeria’s pivot from stabilization to inclusive growth and job creation. Structured as a two-tranche standalone operation of US$1.0 billion (US$500 million IDA credit and US$500 million IBRD loan), it seeks to catalyse private sector–led investment by expanding access to credit, deepening capital markets and digital services, easing inflationary pressures, and promoting export diversification,” the document read.
The document further stated that Nigeria’s private sector credit-to-GDP ratio stood at only 21.3 per cent in 2024, significantly below that of emerging-market peers, while capital markets remain shallow, with sovereign securities dominating the bond market.
To address these weaknesses, the DPF will support the implementation of the Investment and Securities Act 2025, operationalisation of credit-enhancement facilities, and introduction of a comprehensive Central Bank of Nigeria rulebook to strengthen risk-based regulation and consumer protection.
The operation also includes measures to deepen digital inclusion through the passage of the National Digital Economy and E-Governance Bill 2025, which will establish a legal framework for electronic transactions, authentication services, and digital records.
Beyond the financial and digital sectors, the programme targets reforms to lower production and living costs by tackling Nigeria’s restrictive trade regime. High tariffs and import bans have long driven up consumer prices and constrained competitiveness, particularly for manufacturers and farmers.
Under the proposed reforms, Nigeria would adopt AfCFTA tariff concessions, rationalise import restrictions, and simplify agricultural seed certification to increase the supply of high-quality varieties for maize, rice, and soybeans. The World Bank projects that these measures will help reduce food inflation, attract private investment, and enhance export potential.
The operation is part of a broader World Bank FY26 package that includes three complementary projects—Fostering Inclusive Finance for MSMEs (FINCLUDE), Building Resilient Digital Infrastructure for Growth (BRIDGE), and Nigeria Sustainable Agricultural Value-Chains for Growth (AGROW)—all focused on expanding access to finance, strengthening institutions, and mobilising private capital.
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