Country Risk Ratings

  • Overall
  • Political
  • Security
  • Operational

Whispering Bell has been providing risk advisory services in Algeria since 2014, supporting a diverse range of clients. Whispering Bell provides risk reporting, market advisory services, and on the ground services to multinational corporations and international investors operating in Algeria. We provide both strategic and ground-level information, enabling stakeholders to mitigate risks, identify opportunities and optimise decision-making through a regional network of on-the-ground service partners and contacts. Whispering Bell has been operating in and collecting data from emerging and frontier markets for the past 9 years. We are staffed by people who live and work in the region, understand the culture and speak the languages of the countries in which we report.

Algeria experienced a wave of anti-government protests known as the “Hirak” movement that began in February 2019 to oppose former President Abdulaziz Bouteflika’s bid to run for a fifth term. The protests prompted a transition into a new government led by President Abdelmadjid Tebboune, who pledged to enact a series of reforms to gain the credibility of protesters. Despite having lost some of its momentum, the Hirak movement and anti-government protests continue across the country.

While the new government pledged to reduce entry barriers for foreign businesses, Algeria will continue to present a complex environment in which to do business. But the testimonies of our clients show that we can provide the support needed to help regional and multi-national corporations make informed decisions and gain a better understanding of the market, regulatory, and competitive landscape when looking to enter or invest in a country such as Algeria. Whispering Bell focuses on providing corporations and investors with comprehensive solutions that address both the political/security risk needs, but also the market/financial implications of activities in country as well.

The types of security and business advisory services that Whispering Bell provides in Algeria include:

  • Political and security risk advisory
  • Market research, commercial due diligence, partner vetting and feasibility studies
  • Threat and risk assessments
  • Secure journey management and in-country facilitation
  • Embedded security consultants

If you would like to arrange a consultation please contact us at