Algeria secures cooperation deal in innovation and startups with Italy
Tuesday, 11 August 2020 13:56
Algeria and Italy plan to collaborate in the field of startups and innovation, mainly focusing on financing, technology transfer, and research and development.
Yacine El-Mahdi Oualid (pictured), the Algerian Minister Delegate to the Prime Minister in charge of the Knowledge Economy and Startups and the Italian Minister of Innovation agreed to set up this high-level exchange program on 7 August 2020.
The agreement between the two parties was reached during a working visit by Yacine El-Mahdi Oualid as part of the partnership in innovation and promotion of startups between the two countries. The objective is to open new business opportunities for Algerian startups in foreign markets, especially Europe, and access to African markets for Italian investors via Algeria.
The Memorandum of Understanding is expected to be signed once all the details have been studied.
Live News
-
Cameroon Crosses 80% Cocoa Processing Mark as New 32,000-Tonne Plant Breaks Ground
09:07
-
Boubacar Roger Thiam Launches Techbridge Capital to Modernize Asset Management
06:51
-
Oluwatomi Ayorinde Expands Travel Fintech with Multi-Country Payment App
06:49
-
BGFIBank Cameroon Increases Capital to CFA50Bln Ahead of Stricter Banking Rules
20:58
-
Cameroon Signals Possible Return to Bvmac with Up to CFA150 Billion Bond
18:15
-
Public Enterprises Hold CFA1.5 Trillion in Assets, CFA493.9 Billion in External Debt at End-2024
18:08
-
In Africa, a Market for Medical Robotics Is Expanding. Adoption Is the Hard Part
16:16
-
Egypt’s Swypex streamlines payments and expense management for SMEs
13:47
Amazon begins talks with Kenya on low-Earth orbit satellite broadband Kenya’s digital market ...
Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
The World Bank is launching a $972 million program to train 18 million young people in East and Southern Africa. Nearly 8 million youth enter the...
Africa’s average public debt-to-GDP ratio fell to 62.8% in 2025, down from 63.7% in 2024. Global debt hit a record $348 trillion, fueled largely...
Zimbabwe, South Africa and Zambia signed binding commitments to improve cross-border transport connectivity and efficiency. The partnership targets...
Nigeria’s real GDP grew 4.07% year-on-year in Q4 2025, up from 3.98% in Q3, according to the National Bureau of Statistics. Oil sector growth...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...