Algeria is taking bold steps to enhance its digital economy with the launch of an 1.5 billion dinar ($11 million) investment fund aimed at supporting startups in artificial intelligence (AI), cybersecurity, and robotics.
Announced by Algeria’s state-owned telecom company, Algérie Télécom, during the CTO Forum Algeria, this initiative is part of the country’s national strategy to accelerate digital transformation and technological innovation.
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How the $11 million investment will be utilised
The investment fund, unveiled by Minister of Post and Telecommunications Sid Ali Zerrouki, is designed to support 20,000 startups, fostering a thriving tech ecosystem. This initiative also aligns with Algeria’s goal to make AI contribute seven percent to its GDP by 2027, enhancing its position as a key player in Africa’s digital economy.
The $11 million fund will be strategically deployed to support startups focusing on AI, cybersecurity, and robotics. Additionally, Algeria is investing in AI-focused universities, incubators, and nationwide digital infrastructure expansion to strengthen its innovation landscape. These investments are expected to empower young entrepreneurs and drive job creation in the tech industry.
To build a robust talent pipeline, the government is launching training programs known as “Scale Centers” to equip the youth with skills in AI, cybersecurity, and cloud computing. By fostering digital skills, Algeria aims to close the technological gap and nurture future industry leaders.
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Algeria’s vision for AI-driven economic growth
Algeria’s strategic investment in AI is part of a broader vision to position itself as a leader in the global digital economy. In 2023, the government established the National Scientific Council for Artificial Intelligence and launched a national AI strategy for 2025-2030. These initiatives are geared towards fostering innovation, driving economic growth, and enhancing Algeria’s global competitiveness.
With plans to create specialised institutions in AI, robotics, and mathematics, along with a network of startup incubators, Algeria is setting the stage for a thriving digital ecosystem. The government’s commitment to AI and technological advancement underscores its ambition to lead in Africa’s digital revolution.
Algeria’s bold investment in AI startups and digital infrastructure is poised to transform its economy, fostering innovation and driving sustainable growth. This strategic initiative not only enhances Algeria’s digital competitiveness but also contributes to Africa’s growing tech landscape.