Baghdad Bounedjah's early goal in the second minute separated both teams at Cairo International Stadium on Friday, and secured Algeria's first title since 1990.
At the end of the game, an elated M'Bolhi dedicated the triumph to the whole country and credited coach Djamel Belmadi for the team's success.
"It's incredible, it's a victory for a whole nation. We are very happy. We were owing the Algerian people this victory," M'Bolhi told beIN Sport.
"I think during the tournament we showed our values and character. We fought hard like real men right from the first match and God has just crowned our efforts.
"It's true we had difficult times in the past as a team. Djamel came and changed things. He is like a big brother to us. It's hard to figure it out but it's true.
"We would like to thank all those who came to support us, but when we return home tomorrow we will see what will happen."
M'Bolhi was awarded the Man of the Match after an impressive display in goal to stop Senegal from getting an equaliser.