New ventures, funding rounds, incubators, and ecosystem news
In the face of technological changes and increasing demands for industrial performance, the leading private Algerian group, Cevital, accelerates its strategy to enhance internal skills. The company has just officially inaugurated the first branch of the Cevital Academy within its subsidiary OXXO Algérie, specialized in PVC carpentry solutions and glazed facades.
The storage of renewable energy through batteries will become a major concern for public authorities and sector operators in the short and medium term, as Algeria seeks to optimize its energy production in the face of the significant growth in domestic needs.
The 2026 Report on Sustainable Development in Africa provides a detailed assessment of Algeria's trajectory and the continent's challenges. While Algeria stands out for its budgetary sovereignty, the reduction of precarious housing, and the dynamism of its start-ups, Africa faces macroeconomic tensions and an urgent need to accelerate on five key objectives.
According to a forward-looking analysis by the Ecofin Agency based on the latest reports from the World Bank, artificial intelligence could enable developing countries to achieve a century of historical progress in ten years by optimizing public services and key sectors. This technology is identified as a major lever to disrupt global economic trajectories.
The Tunis Chamber of Commerce and Industry has just laid a new cornerstone in the national innovation framework by announcing the creation of the 'SPEEDUP Tunisia Hub'.
SLB, formerly Schlumberger, one of the leading companies in the oil services sector, has just delivered the first results of its partnership with Alnaft called EXALT in the offshore sector, aimed at assisting foreign investors in evaluating technical data and thus inviting them to invest in Algeria. Its work has involved reassessing the 2D seismic data collected and thus providing investors with a clearer picture, better visibility on Algeria's offshore potential, and encouraging them to begin offshore exploration in Algeria.
A wave of optimism is once again sweeping over African youth, marking a turning point from the post-pandemic years. According to the data from the African Youth Survey 2026, a biennial benchmark survey conducted by PSB Insights for the South African Ichikowitz Family Foundation, the economic morale of 18-24 year-olds is experiencing a spectacular rebound.
To enhance English proficiency in the pharmaceutical industry.
As the American job engine shows surprising signs of jamming and Europe fractures around the Schengen area, Western certainties are wavering. This week, the Global South axis accelerates its strategic transformation through unprecedented control of its maritime and military corridors. At the heart of this tectonic shift, Algeria charts its course with remarkable serenity, transforming its structural reforms and mega infrastructure projects into powerful levers of sovereignty.
The number of electronic merchants providing online payment options in Algeria surpassed 1000 merchants by the end of June, reflecting the ongoing dynamism of the monetary system in the country. According to the latest data from the GIE Monétique, the number of merchants enrolled in the online payment platform in Algeria reached 1004 merchants by the end of the first half of the current year 2026, compared to 644 merchants during the same period last year, representing an increase of 55 percent.
The Minister of Knowledge Economy, Startups, and Micro-Enterprises, Nourredine Wadih, emphasized today, Thursday in Algiers, the importance of the contribution of Algerian talents residing abroad in developing local solutions in the field of artificial intelligence alongside national startups.
Long confined to a post-facto accounting recording function, with uncertainties limiting its scope, the national statistical tool is undergoing a major strategic transformation. Driven by an accelerated digitization plan initiated in 2020, the national statistical information system is becoming the essential compass for economic management, modern governance, and state transparency.