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
-
Google, AfCFTA Launch Program to Equip 7,500 African SMEs with AI and Digital Trade Skills
20:10
-
TCS, Sybyl, Partner With iXAfrica as part of Sovereign Cloud Infrastructure in East Africa Drive
20:02
-
MTN Group Claims 301M Customers, With fintech Transactions soaring 38% to $342B
19:59
-
Singita Injects $102m Into Santa Carolina as Private Capital Steps In After Mozambique’s Post-Election Disruptions
19:54
-
Togo Opens Global Entrepreneurship Week With Push for Inclusive Growth
19:49
-
Cameroon Launches Year-End Discount Sales to Curb Post-Election Price Speculation
19:45
-
Oriole Resources Raises CFA1.3bn to Accelerate Gold Projects in Cameroon
19:18
-
Nigeria’s Karsa Offers Virtual U.S. Bank Accounts for Dollar Transfers
18:48
-
Dodji Honou Expands Fab Lab Innovation Across West Africa
15:23
-
Casimir Akuete Domlan Builds a Unified Access Point for Africa’s Fragmented Mobile Money Services
15:18
DRC met Alibaba, Isoftstone to discuss adapting China’s e-commerce model Joint working group ...
The new unified platform replaces the NIBSS Instant Payments system. It connects banks, finte...
Germany to provide €49 million ($56.7 million) to support ECOWAS projects. Funds target peac...
Nigeria implemented the National Payment Stack (NPS), a new unified infrastructure, to enhance dig...
Social media users accuse the UAE of backing Sudan’s RSF militia. Activists and celebrities c...
The program will empower 7,500 African SMEs with AI and digital trade skills to boost cross-border business growth. It aligns with AfCFTA goals to...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...
AfDB’s USD 239 million commitment secures completion of the Northern Corridor, removing the Kampala bottleneck and guaranteeing regional...
Funding targets wetlands in Burkina Faso, Mali, Niger, and Senegal under a regional climate adaptation project. Project financed through the AfDF’s...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...
The Okapi Wildlife Reserve, located deep within the Ituri Forest in the northeastern Democratic Republic of Congo, stands as one of the Congo Basin’s most...