Algeria negotiates World Bank funding for its startup sector

Algeria is set to host the fifth African Startup Conference from December 5th to 7th. According to Noureddine Ouadah, Minister of Knowledge Economy and Startups, the country is in advanced negotiations with the World Bank to secure funding exceeding 10 million dollars for local startups showing strong growth potential. This year's summit will focus on "Deep Tech" across various industries, including energy, agriculture, AI, and healthcare. Over 25,000 attendees and 40 official delegations are expected to join the event. The initiative builds on the success of previous editions, the outcomes of which have been formally adopted as resolutions by the African Union.