Moving back to his home country in 2011, in the years that followed he co-founded the Algerian Startup Initiative, the country’s first private incubator programme, and local investor network Casbah Business Angels. AdvertisementThese early initiatives helped set in motion Algeria’s now-emerging tech scene, which has been bolstered by recent government start-up legislation and support. Cumbersome bureaucracy, brain drain and poor access to international financing must all be addressed if Algeria’s emerging start-up scene is to achieve its full potential. Along with setting up a dedicated ministry for the knowledge economy, start-ups and micro-enterprises, the government established the Algerian Startup Fund in October 2020. Brain drainLike other emerging markets, Algeria also faces an uphill battle to retain its best talent and start-ups.

Source: The North Africa Journal April 20, 2023 09:45 UTC