Flat6Labs, a Cairo-based accelerator, and the International Finance Corporation (IFC), a member of the World Bank Group, have launched StartAlgeria, a new initiative to strengthen Algeria’s startup support ecosystem. According to Tech Build Africa, the program aims to provide early-stage funding, mentorship, and capacity-building resources to Algerian entrepreneurs, with a focus on high-potential sectors such … Read more
Algeria’s fintech startup VOLZ has secured $5 million in a Series A funding round, the largest ever for an Algerian tech company, according to Dabafinance. The deal, announced in late December 2025, marks a milestone for the country’s digital economy and signals growing investor confidence in local entrepreneurs. VOLZ, founded in 2021 by former banker … Read more
Algeria has taken a decisive step to modernise its payments sector. On 19 August 2025, the Bank of Algeria published a circular that establishes a licensing regime for Payment Service Providers (PSPs), effectively opening the door to domestic and diaspora-led fintech ventures. According to Launch Base Africa, the new rules create a clear playbook for … Read more
Weekly trends Growth and energy: the state’s two levers The International Monetary Fund forecasts 5 % GDP growth for Algeria in 2026. The figure is driven by hydrocarbons and public investment. Hydrocarbon revenues rose 12 % year-on-year in Q1 2024, according to Sonatrach. The state budget for 2024 allocates DZD 11.3 T (USD 84 B) … Read more
Algeria’s startup ecosystem reached a new milestone this week as ride-hailing platform TemTem secured $4 million in a Series A round, the largest of its kind in the country. According to MENAbytes, the funding round was led by a mix of local and international investors, including the Algerian Venture Capital fund (AVC) and French impact … Read more
President Abdelmadjid Tebboune inaugurated Algeria’s first dedicated AI and cybersecurity startup cluster at the Sidi Abdellah Technology Hub on April 23 this year, marking a sharp pivot toward high-tech entrepreneurship after decades of hydrocarbon-led growth. The move follows a 2025 directive from the Ministry of Knowledge Economy and Startups to allocate 5 billion Algerian dinars … Read more
Algeria’s non-oil economy is expected to expand by 5% in 2026, according to the latest projections released this week by Algeria’s National Centre for Forecasting Studies and Statistics (CNEPS). The figure, which is almost double last year’s 2.7% growth, was reported by Horizons.dz on Monday. The surge is driven by large public investments in infrastructure, … Read more
The Formality Trap: How Algeria’s Informal Economy Chokes Micro Firms Algeria’s micro and small enterprises (MSEs) dominate the private sector, yet their growth is stifled by a parallel economy that thrives outside state oversight. Nearly 90% of all private firms fall into this category, but 70% of their transactions remain untraceable, flowing through informal channels. … Read more
Diaspora remittances ease foreign-exchange strain—but corporate tax pressure mounts Algeria’s economy remains trapped between two opposing forces: the steady inflow of diaspora funds and the tightening grip of corporate taxation. Remittances from abroad—particularly from France, where Algerian communities have long maintained strong ties—continue to inject liquidity into the system. These transfers, often sent through informal … Read more
Algeria has mobilized a $1 billion fund to support African startups, signaling a strategic pivot toward technology-driven growth. Announced recently by the Ministry of Knowledge Economy and Startups, the initiative aims to position Algeria as a regional hub for innovation and entrepreneurship. The fund, managed by state-backed institutions including the Algerian Investment Fund and the … Read more