"FAF president Mohamed Raouraoua has renewed his confidence in The Greens' (Algeria) coach Christian Gourcuff," a FAF spokesman confirmed.
The former Lorient boss signed a contract in August 2014, and the decision to renew his contract was taken just after their elimination by Côte d'Ivoire from the tournament.
"There will be changes within The Greens. Some players are entering their 30s and are preparing to leave the team," Gourcuff said. "We'll have to call up other younger players."
Algeria captain Madjid Bougherra has already announced he will retire after the Côte d'Ivoire defeat.