Algeria Strikes $300M Deal to Supply Nigeria with Two Million Payment Terminals
By exporting payment technology at scale, Algeria aims to highlight its growing capabilities in electronics while opening new opportunities for local operators to expand into African economies increasingly driven by digital finance.
Algeria has concluded a $300 million trade agreement with Nigeria for the supply of two million electronic payment terminals (EPTs), in one of the signature deals of the Intra-African Trade Fair (IATF 2025) currently underway in Algiers.
The contract was formalized on Sunday at the Pins Maritimes Exhibition Centre between Inatel (Algerian Telephony Industry), a subsidiary of the National Telecommunications Company (ENTC), and Chinese manufacturer Morefun Electronic Technology . Under the agreement, the devices will be produced in Algeria and exported to Nigeria, boosting the country’s footprint in Africa’s digital technology market.
The signing ceremony brought together ENTC’s Chief Executive Officer, Chikh Abderrahim, and Morefun’s Executive Director, with Algeria’s Minister of Post and Telecommunications, Sid Ali Zerrouki, and Omar Rekkache, Director General of the Algerian Investment Promotion Agency (AAPI), witnessing the occasion.
Minister Zerrouki described the deal as a concrete step in advancing Algeria’s strategy to grow domestic industries, strengthen local manufacturing, and reinforce Africa’s economic integration. He added that showcasing Algerian-made electronic solutions across the continent would position national firms to compete more effectively in regional markets.
By exporting payment technology at scale, Algeria aims to highlight its growing capabilities in electronics while opening new opportunities for local operators to expand into African economies increasingly driven by digital finance.
