Somalia's foreign minister and Algeria's ambassador discussed expanding trade and investment. They announced no specific deal or timetable.
Foreign Minister H.E. Abdisalam Ali received Algeria's Ambassador H.E. Mohamed Alim to discuss expanding economic ties. The announcement describes a shared aim, not a signed agreement or confirmed investment.
A separate trade-focused meeting followed in Algiers on 12 October 2026. Algeria's Minister of Foreign Trade and Export Promotion, Kamel Rezig, received Somalia's ambassador, Yusuf Ahmed Hassan.
The talks covered ways to strengthen trade and broaden economic cooperation. They also addressed increasing the presence of Algerian products in Somalia, alongside export opportunities that respond to Somali market demand, Somali National News Agency reported.
The Algerian ministry's communiqué, carried by Radio Algérienne, said the two sides discussed a possible Algeria-Somalia business council. The proposed body would bring economic operators into closer contact and encourage joint initiatives. It could also help develop trade and investment partnerships.
The council remains a proposal. No founding document was announced. The communiqué named no membership or budget, and gave no launch date. It reported no signed trade agreement or investment contract.
The announcement provided no trade values or export targets. It named no specific products and gave no project costs.
The statements frame commercial cooperation as an extension of the countries' longstanding friendship. Broader trade and Algerian exports were named priorities. Officials also cited stronger business links, but detailed no specific trade measures or investment projects.
Algeria's separate offer of onshore blocks to investors was covered in an earlier report. The announcement does not connect that tender to the Somalia talks.
The meeting announcement listed no specific commitments or next steps.
