In a recent statement, Algeria’s Minister of Knowledge Economy, Startups, and Micro Enterprises, Yassine El Mehdi Walid, announced that Algerian startups are generating millions of dollars in revenue by exporting digital services to regional and African countries. The burgeoning sector, described as “youthful” by Walid, is poised to contribute significantly to the national economy through foreign currency earnings. Algerian Startups Digital Services Export
During a joint field visit with the Minister of Higher Education and Scientific Research, Kamal Baddari, to Mostaganem, Walid emphasized the potential of this vibrant sector. He noted the government’s commitment to fostering a conducive environment for Algerian startups to thrive and penetrate international markets with diverse services, in line with the incentives offered by the country’s higher authorities , say Algerian Startups Digital Services Export
In the same context, the minister highlighted the “rapid growth” of startups engaged in providing digital services to citizens. He pointed to a fivefold increase in electronic payment transactions over the past 12 months as evidence of this expansion.
The digital economy in Algeria is on the rise, with the startup ecosystem becoming a vital component of the nation’s economic diversification strategy. The focus is now on enhancing the export capabilities of these startups, with the aim of establishing Algeria as a leading digital services provider in the region and beyond.
For more insights and detailed coverage, visit dzwatch.net.
