Lyn Frans
Algeria has unveiled a new fund aimed at financing startups and young innovators across Africa, a move designed to bolster entrepreneurship and technological progress on the continent.
The announcement was made at the 4th Intra‑African Trade Fair (IATF 2025) and reflects President Abdelmadjid Tebboune’s vision to position Algeria as a hub for African innovation.
The fund targets youth‑led projects with potential for sustainable growth, job creation, and improved global competitiveness. Managed by the Algerian Agency for International Cooperation, it will ensure resources are directed toward ventures that strengthen economic integration and support the development of technology, digital services, green energy, and agro-processing.
Officials emphasized that transparency, accountability, and measurable outcomes would be critical to the fund’s success. Algeria’s Minister of Knowledge Economy highlighted that the initiative aims not only to finance startups but also to cultivate partnerships between governments, investors, and young innovators across the continent.
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Africa is experiencing a surge in startup activity, particularly in technology and innovation. From AI and fintech ventures to green energy projects, young entrepreneurs are increasingly tapping into opportunities across borders. Reports indicate that African startups raised over $1.25 billion in funding between 2019 and 2025, reflecting growing confidence from investors in the continent’s innovation potential. (ecofinagency.com)
Trade fairs such as IATF serve as vital platforms for showcasing these innovations and connecting entrepreneurs with investors and policymakers. The event in Algiers has drawn delegates and deals from across Africa, strengthening intra-continental trade and demonstrating the potential of regional economic integration under frameworks like the African Continental Free Trade Area.
