The President of the Republic, Abdelmadjid Tebboune, called for stimulating creativity and innovation in Africa in order to increase productivity and economic growth, thus enabling the independence of political and economic decision-making to be strengthened.
Today, Tuesday in Algiers, President Tebboune, in a speech on the occasion of the opening of the second edition of the African Emerging Enterprises Conference, read on his behalf by Prime Minister Nadhir Arbawi, focused on highlighting the role of emerging enterprises in Africa in raising development challenges, in light of a competitive economic environment that qualifies them to make room for initiatives and enhance… Continental cooperation in the field of knowledge economy and improving the business and innovation climate.
The President of the Republic pointed out the huge challenge posed by the high unemployment rates recorded by the African continent, while at the same time it records the highest global rates in the proportion of young people, calling for the necessity of relying on innovation-based entrepreneurship, as one of the most important mechanisms for addressing the employment problem, which It is imperative for African governments to give full support to emerging companies that have proven their ability to push many economies in Europe and Asia to high levels of economic efficiency, create revolution, and create the foundations for sustainable development.
Emerging institutions in Africa are capable of meeting development challenges
President Tebboune stressed that “emerging institutions represent a challenge and fall within the ranks of national priorities aimed at enhancing the pace of economic development.”
President Tebboune spoke about “harnessing the necessary capabilities to organize emerging institutions and accompanying project owners at various stages.”
In a message addressed to the participants in the African Start-up Conference, President Tebboune pointed out that “emerging enterprises on the African continent are capable of meeting development challenges in light of a competitive economic environment that qualifies them to make room for initiatives, enhance continental cooperation in the field of the knowledge economy, and improve the business and innovation climate.”
The President of the Republic said, “African governments must give full support to emerging companies that have proven their ability to advance many economies.”
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