New ventures, funding rounds, incubators, and ecosystem news
Algeria - The 'Airad' company, active in information technology, software engineering, and digital services development, was listed today, Wednesday, on the Algiers Stock Exchange, becoming the first company from the technology sector to join the stock market, after demand for its shares exceeded the available quantity by 38.4%.
The company 'Irad', active in information technology, software engineering, and digital services development, has been listed on the Algerian Stock Exchange, becoming the first company from the technology sector to join the stock market, after demand for its shares exceeded the available quantity by 38.4% on Wednesday.
The company “Airad”, active in information technology, software engineering, and digital services development, was listed today, Wednesday, on the Algeria Stock Exchange, becoming the first company from the technology sector to join the stock market, after demand for its shares exceeded the available quantity by 38.4%. The listing ceremony was attended by the General Director of the Securities Exchange Management Company (Algeria Stock Exchange), Amal Salmon, and the Chairman of the Committee for Organizing and Monitoring Stock Exchange Operations, Youssef Bouzenada. The company offered 1,250,000 shares for subscription, representing 20% of its capital, with a total value of 1,383,994,400 dinars, while the number of requested shares reached 1,729,993 shares, with a coverage ratio of 138.4%. The subscription process included...
The 'Ayrad' company, active in information technology, software engineering, and digital services development, was listed this Wednesday on the Algeria Stock Exchange, becoming the first company from the technology sector to join the stock market, after demand for its shares exceeded the available quantity by 38.4%.
Mehdi Kahham, advisor to the Minister of Knowledge Economy, Startups, and Micro Enterprises, confirmed that the startup sector in Algeria has achieved greater maturity and significant development at the ecosystem level during the period from 2020 to 2026, expecting to reach 20,000 startups by 2028, in implementation of the directives of the President of the Republic.
Both the Minister of Water, Lounes Bouzegza, and the Minister of Knowledge Economy, Startups, and Micro Enterprises, Nourredine Wahid, chaired a coordination meeting today, Tuesday, in Algiers, during which they agreed to facilitate the involvement of micro and startup enterprises in irrigation sector projects and to accelerate its pace. The meeting was attended by the Director General of the National Agency for Support and Development of Entrepreneurship, NESDA, Bilal Achacha, and the Director General of the public accelerator...
Algeria - Today, Tuesday, the public economic institution 'Krapsi Expertise', the economic branch of the Scientific and Technical Research Center for Physical and Chemical Analyses, was listed on the Algerian Stock Exchange, making it the first branch of a national scientific research center to enter the financial market.
The subsidiary economic institution “Krapsi for Expertise” has achieved a historic and economic milestone in the path of university innovation, after its official listing in the “Algerian Stock Exchange”, as the first branch of a national scientific research center to enter the financial market. This event is not just a successful financial operation, but a strategic and historic transformation in the path of university innovation and the national economy. Watch the full content on Echourouk Online.
Economic experts emphasized the importance of involving the private sector in financing startups, considering that this step would accelerate the growth of this sector and enhance its contribution to building an economy based on innovation and knowledge, creating wealth and jobs, while continuing to support the positive dynamics of the entrepreneurial ecosystem in Algeria. Economic expert Issak Kharchi stated in a statement to the Algerian News Agency that involving the private sector in financing startups has become essential given the role these institutions play within the national economic...
The Minister of Water Resources, Lounes Bouzegza, and the Minister of Knowledge Economy, Startups, and Micro Enterprises, Nourredine Wahid, chaired a coordination meeting today, Tuesday, in Algiers, during which they agreed to facilitate the involvement of micro and startup enterprises in irrigation sector projects and to accelerate its pace. The meeting was attended by the Director General of the National Agency for Support and Development of Entrepreneurship 'NESDA', Bilal Achacha, the Director General of the Public Accelerator 'Algeria Venture', Ilyas Abdoun, and the Director General of the Water and Sanitation Company of Algeria 'SEAAL', Mohamed Redha Boudab.
The subscription was limited to universities, research centers, higher schools, and their economic branches affiliated with the higher education and scientific research sector.
Today, Tuesday, the public institution 'Krapsi Expertise', the economic branch of the Scientific and Technical Research Center for Physical and Chemical Analyses, was listed on the Algiers Stock Exchange, making it the first branch of a national scientific research center to enter the financial market.