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Algeria has emerged as the leading country for start-ups in Africa, with 9,500 established in the past five years, according to Fayçal Bentaleb, the Algerian Minister of Labor, Employment, and Social Security.
Algeria has emerged as the leading country for start-ups in Africa, with 9,500 established in the past five years, according to Fayçal Bentaleb, the Algerian Minister of Labor, Employment, and Social Security. The government has invested over 28.2 billion dinars to create jobs by lowering employers’ Social Security contributions, benefiting 1,093,777 employees and more than 55,000 businesses in the last five years. Bentaleb, speaking at the 2nd National Employment and Entrepreneurship Forum, emphasized that these tax incentives are crucial for reducing unemployment. Employers in the Northern region receive a 40% reduction in their contributions, while those in the High Plateaux and Southern regions get an 80% reduction. These measures are part of broader reforms aimed at creating a more profitable and balanced economy.
Regarding financial support for young entrepreneurs and small businesses, the Minister encouraged aspiring business owners to take the initiative and implement their ideas rather than waiting for government assistance. He noted the establishment of the Ministry of the Knowledge Economy, Start-ups, and Micro-Enterprises to foster entrepreneurship among youth. The forum aims to facilitate dialogue between young entrepreneurs and various economic stakeholders to promote growth and innovation. It will also develop practical recommendations for improving the business environment and enhancing youth employment, with a focus on encouraging entrepreneurship and the growth of start-ups, ultimately leading to better economic integration for young people. Additionally, private-sector funds will be created to support young investors.
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Through the development of start-ups and micro-enterprises, the country aims to meet President Abdelmadjid Tebboune’s goal of creating 450,000 jobs and 20,000 start-ups by 2029. Bentaleb highlighted that securing financing remains the biggest challenge for small business founders and stressed the importance of diversifying funding sources, particularly through foreign investors and international financing opportunities.
