Algeria Launches $11 Million AI Investment Fund to Foster Tech Startups

Algeria’s state-owned telecom operator, Algérie Télécom, has unveiled a 1.5 billion dinar ($11 million) investment fund to support startups focused on artificial intelligence (AI), cybersecurity, and robotics. This initiative, announced at the CTO Forum Algeria by Minister Sid Ali Zerrouki, aligns with the country’s broader digital transformation and AI strategy.

As part of its push to establish 20,000 startups, the government is also investing in AI-focused universities, incubators, and expanding digital infrastructure. Algeria’s national AI strategy aims to contribute 7% to the nation’s GDP by 2027, positioning the country as a leader in technological innovation in the region.

The government has made substantial investments in digital infrastructure, including 265,000 kilometers of fiber optic cable and 1,400 new 4G sites in rural areas. With plans to deploy 7,000 more 4G stations, Algeria is striving to improve connectivity and bridge digital divides.

Algeria’s AI and digital transformation strategy has been gaining momentum, supported by the formation of the National Scientific Council for Artificial Intelligence (AI Council) in 2023. The AI Council is instrumental in advising the government on AI policy and strategy, guiding initiatives aimed at accelerating the country’s digital economy.

Regional Context

Algeria’s focus on AI and digital skills is part of a wider trend across Africa, where nations like Egypt, Morocco, and South Africa are investing in similar initiatives. Algeria is also looking to leverage its diaspora to contribute talent, resources, and funding to support its AI vision.

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