Algiers, Algeria – African ministers participating in the 4th Ministerial Summit on Startups adopted the Algiers Declaration on Sunday in Algiers. The declaration outlines a framework for fostering startup growth and innovation across the continent.
The adoption of the declaration was met with widespread praise for the leadership of Algerian President Abdelmadjid Tebboune. Attendees lauded his role in creating a supportive environment for the summit and for his commitment to promoting innovation within Algeria and across Africa.
According to a statement released by the Ministry of Knowledge Economy, Startups, and Micro-enterprises, the declaration signifies a renewed commitment from African nations to prioritize the development of their startup ecosystems. The summit served as a platform for sharing best practices, discussing challenges, and forging partnerships to accelerate the growth of innovative businesses.
“This declaration represents a significant step forward in our collective efforts to empower African entrepreneurs and unlock the continent’s immense potential for innovation,” stated a representative from the Ministry. The Algiers Declaration is expected to serve as a guiding document for governments and stakeholders as they work to build thriving startup ecosystems.
The summit also featured discussions on access to funding, regulatory frameworks, and the importance of skills development in supporting startups. Participants emphasized the need for collaboration between governments, the private sector, and academic institutions to create a vibrant and sustainable startup environment.
The successful conclusion of the summit and the adoption of the Algiers Declaration underscore Algeria’s growing role as a hub for innovation and entrepreneurship in Africa. The nation’s commitment to supporting startups is expected to have a positive impact on economic growth and job creation throughout the region.
