31-year-old Algerian entrepreneur Nassim Aoudia stands at one of his workshops in the city of Borj al-Bahri, 24km East of the capital Algiers, on April 15, 2014. (AFP PHOTO/PATRICK BAZ)
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Algeria aims to stem youth brain drain with business fundThey fled Algeria to escape the violence ravaging the country in the 1990s, but now more and more young exiled Algerians are returning, lured by better economic prospects linked to government financial enticements.Since 2008, more than 300,000 young Algerians – 10 percent of them women – have taken advantage of the scheme.Algeria exports little other than hydrocarbons, which accounted for some 97 percent of its $60 billion in foreign revenues last year.Ansej's loans are also tempting back those who fled the country during the bloody civil war of the 1990s, which killed around 200,000 people.As with Aoudia, Ansej offered Guerza a loan and helped him to establish a company making parapharmaceutical goods.
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