A view from the top: Why Silicon Valley is decamping to Algiers
Algerian tech sector has untapped potential, digital revolution to have positive knock-on effects on Algerian ecosystem say Silicon Valley VCs.
The value of venture capital investment is fuelling Africa’s emerging technology landscape. Whilst Kenya’s Silicon Savannah ecosystem has been at the forefront of the narrative over the past decade, the rise of infrastructure development opportunities within Northern Africa has become an increasingly attractive proposition to the Silicon Valley investment community. More tellingly, global technology entrepreneurs, the African Diaspora, are starting to head home, or become dual-homed, hoping to find fruitful opportunities to launch new technology ventures in their native countries.
The drive for innovation is to support both economic and socio-economic development. Companies across the continent are developing new tech applications, adopting existing leapfrog technologies from other countries or modifying existing technologies to make them commercially viable in African markets. It’s about helping the local ecosystem thrive and fuelling job growth to foster innovation.
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