Weekly trends
Digital and regulatory modernization
Algérie Télécom established a USD 11 million AI fund. The fund targets local startups and research centers working on natural language processing, computer vision, and predictive analytics. Applications opened on 1 October 2024. The fund will disburse grants of up to USD 500,000 per project, with a 60% equity requirement from recipients.
A new cybersecurity framework took effect on 1 October 2024. The framework, issued by the Ministry of Post and Telecommunications, mandates annual audits for businesses handling personal data. Companies must appoint a data protection officer if they process over 10,000 records. Non-compliance carries fines of up to DZD 50 million (USD 365,000).
The investment legal framework was revised. The 2024 Investment Law, published in the Official Gazette on 25 September, reduces the minimum capital requirement for foreign investors from DZD 50 million (USD 365,000) to DZD 20 million (USD 146,000). It also shortens the approval timeline for industrial projects from 90 to 45 days. However, the law retains the 49% foreign ownership cap in strategic sectors.
Tax and compliance updates
The e-invoicing mandate was delayed beyond 2026. The DGI announced on 2 October that the rollout, initially planned for January 2025, will require additional regulatory clarification. Businesses with annual turnover above DZD 500 million (USD 3.65 million) must adopt e-invoicing first. The DGI will publish technical specifications by December 2024.
Corporate tax rules for micro-enterprises were adjusted. The 2024 Finance Law, effective 1 January 2025, introduces a flat 10% tax rate for businesses with annual revenue below DZD 10 million (USD 73,000). Previously, these businesses were taxed at progressive rates up to 23%. The law also exempts startups from corporate tax for the first three years if they operate in technology, renewable energy, or agribusiness.
Industrial and agricultural partnerships
China agreed to help Algeria reopen the Gara Djebilet iron ore mine. The mine, located in Tindouf, holds estimated reserves of 3.5 billion tons. A memorandum of understanding was signed on 1 October between Algeria’s Manal and China’s Sinosteel. The project includes a 500-kilometer rail line to the port of Béchar and a steel plant with an annual capacity of 2.5 million tons. Investment is estimated at USD 2.2 billion.
Algeria’s wheat imports will remain elevated in 2025. The Food and Agriculture Organization’s April 2024 report forecasts imports at 8.5 million tons, up from 8.2 million in 2024. Local production covered 35% of demand in 2023, down from 42% in 2022. The government allocated DZD 400 billion (USD 2.92 billion) for wheat subsidies in the 2025 budget.
Diaspora and startup developments
Two Algerian-born founders raised USD 185 million for a US prediction market. The founders, Yacine Bouchaala and Karim Lakhani, launched Kalshi in 2021. The platform, regulated by the Commodity Futures Trading Commission, allows trading on events like elections and economic indicators. Kalshi’s valuation reached USD 1.2 billion in 2024.
The African Development Bank (AfDB) strengthened project management units in Algeria. A training program, held in Algiers from 23-27 September, focused on financial management and procurement for AfDB-funded projects. The bank has allocated USD 1.5 billion to Algeria for 2023-2027, with 40% earmarked for private sector development.
Google opened applications for its Startups Accelerator Africa program. The six-month program, starting in January 2025, offers USD 100,000 in cloud credits, mentorship, and access to Google’s AI tools. Algerian startups are eligible if they have a minimum viable product and at least five employees. Applications close on 15 November.
E-commerce and informal economy
Stolen mobile phones resurface in Algerian markets. A report by the National Agency for Frequency Regulation (ANFR) found that 60% of second-hand phones sold in Algiers, Oran, and Constantine are stolen. The ANFR launched a national registry in June 2024 to block stolen devices. As of 1 October, 1.2 million phones had been blacklisted.
Dubai completed the Algeria Street improvement project. The project, funded by the Roads and Transport Authority, widened the road from two to four lanes and installed smart traffic lights. Algeria Street, a key commercial artery, connects Dubai’s Al Qusais industrial area to residential zones. The upgrade reduced average commute times by 22%.
Week’s highlights
Key takeaway for entrepreneurs
💡 Starting a business in Algeria? GlobalStart guides you step by step: procedures, real costs, company forms (SARL, EURL, SPA) and CNRC registration.