London: Yacine El Mahdi Oualid Presents Algeria’s Vision in Supporting Startup Enterprises
✏️ BY: Dr. Hana Saada
Algiers- Algeria, May 4, 2024 – Yacine El-Mahdi Oualid, the Minister of Knowledge Economy, Startups, and Micro-enterprises, participated in the 21st edition of the Middle East and North Africa Business School Forum held at the London Business School.
During the forum, Minister Yacine El-Mahdi Oualid delivered a speech outlining Algeria’s efforts to diversify its economy through various government policies aimed at establishing a knowledge-based economy and fostering an environment conducive to startups and innovation across Africa.
The event served as an opportunity for Minister Oualid to present Algeria’s new vision, which revolves around leveraging Algerian competencies to diversify the national economy, develop various skills, and promote innovation and technology, particularly among the youth. This vision is supported by flexible legal frameworks and new funding mechanisms, including the Startup Investment Fund, as well as incentives for innovation, research and development, and startup investment.
Minister Oualid highlighted Algeria’s significant capabilities, as the country ranks third in terms of Gross Domestic Product (GDP) in Africa, with one of the highest growth rates in the North Africa and Middle East region. This growth is attributed to notable increases in non-fuel growth rates, driven by economic diversification reforms.
Emphasizing Algeria’s increased openness to foreign investments, Minister Oualid pointed out the issuance of the new investment law. He also underscored Algeria’s efforts toward economic integration in Africa, including infrastructure projects, such as trans-desert roads and fiber optic networks, along with participation in the African Continental Free Trade Area (AfCFTA).
Algeria’s participation reflects its commitment to fostering entrepreneurship, innovation, and economic development, both nationally and across the African continent. By capitalizing on its human capital and creating an enabling environment for startups, Algeria aims to become a hub for innovation and technological advancement in Africa.
About Dzair Tube Media Group
Dzair Tube has firmly established itself as a prominent player among Algerian digital news sites, offering a diverse and enriching content experience. The platform, available in Arabic, French, and English editions, captures the attention of a wide-ranging audience, amassing over half a million daily clicks.
A testament to its commitment to excellence, Dzair Tube received the prestigious President of the Republic’s Award for Professional Journalist in the Electronic Press category on October 22, 2022. This recognition underscores the platform’s unwavering dedication to upholding the highest standards of journalism.
With a significant online presence, Dzair Tube boasts 350,000 subscribers on YouTube, over five million followers on various Facebook pages, and 450,000 subscribers on Instagram. Its digital channel has become a hub for diverse programming, covering news, sports, entertainment, culture, and religion, catering to a broad spectrum of audience preferences.
Equipped with state-of-the-art studios and advanced technology, Dzair Tube’s digital channel has garnered substantial viewership for its varied programs. Hosting interactive discussions with influential figures across different domains, the platform actively fosters public discourse and engagement. Beyond news coverage, Dzair Tube extends its commitment to the production of marketing documentaries, short TV commercials, and high-viewership programs.
The success of the print edition of Dzair Tube’s sports newspaper, “Dzair Sport,” further highlights the platform’s impact, with over 50,000 daily downloads from the official Dzair Tube website.
Honored with the Media Leadership Award from the Minister of Communication, Mohamed Laâgab, Dzair Tube continues to shape the landscape of Algerian digital news, maintaining a position of influence and impact in the media industry.
