In 2024, Algeria’s FGAR funded 386 SMEs with a total of USD 427 million, creating over 8,000 jobs. The fund provided loans and financial guarantees across various sectors and regions, supporting business growth. Additionally, it recently expanded loan offerings to include both investment and operating loans.
Algeria will launch the “DZ MOB PAY” mobile payment system in January 2025, enabling secure smartphone transactions. The platform aims to boost financial inclusion and digitalization, offering free and user-friendly services. With key institutions leading the initiative, it marks a pivotal step in Algeria’s digital payment ecosystem.
This initiative is part of Algeria’s broader national digital transformation strategy, aiming to enhance efficiency, innovation, and connectivity across various sectors.
Algeria is set to launch a mobile payment system in January 2025, aiming to advance digital transformation and financial inclusion.
Algeria is set to accelerate its digital transformation with the launch of over 500 projects by 2026, focusing on modernizing public services. These initiatives align with the “Digital Algeria 2030” strategy, aiming to enhance e-governance and improve access to services, positioning Algeria as a regional digital leader.
Algeria and South Africa’s space agencies, ASAL and SANSA, signed an MoU on December 6, 2024, to enhance cooperation in space science and technology. The agreement aims to develop joint projects, share expertise, and promote space technologies for peaceful purposes, strengthening bilateral ties in the space sector.
Bahrain and Algeria’s parliamentary delegations met at IGF 2024 in Riyadh to discuss AI governance and international cooperation. They proposed the creation of an Arab framework for regulating AI and emphasized the need for training programs to address digital transformation challenges, including cybercrime and AI awareness among legislators.
Algeria is advancing its digital transformation by modernizing the internal trade sector, introducing 36 digital platforms to monitor markets and enhance transparency. This effort supports the country’s economic growth, improves service delivery, and strengthens regulatory frameworks in line with President Tebboune’s vision for a digitalized economy.
Algeria is rolling out 4G connectivity to 1,400 rural communities, transforming education, healthcare, and commerce in underserved areas. This initiative bridges the urban-rural digital divide, driving economic growth and social inclusion. It empowers local businesses and farmers, creating new opportunities while advancing the country’s digital transformation goals.
Algérie Télécom and Djezzy have launched the Twin Box, a next-generation device offering a seamless digital experience with live sports streaming, multimedia content, and educational services. It simplifies service management and promotes local innovation, contributing to Algeria’s digital transformation and enhancing connectivity for Algerian families.
