• Algeria’s FNI partners with four firms to build tech hub
• Project targets digital finance, public sector transformation
• Part of 2030 strategy to modernize services, boost innovation

Algeria's National Investment Fund (FNI) announced on Tuesday, September 16, that it has signed an agreement with a consortium of four digital companies: Optimum Télécom Algérie (Djezzy), IT-DEV Spa, Inet Spa, and Smart Test Spa. The initiative aims to lay the groundwork for the creation of a national technology hub.

According to the FNI, the hub is intended to "become a major player in digitization, primarily in the financial sector, by bringing together the expertise, infrastructure, and technological subsidiaries and stakes held by the FNI."

The fund's statement said the hub will integrate digital solutions into the financial sector and support public institutions and businesses in their digital transformation. This will help enhance the range of modern, accessible, and high-performance services available to citizens and companies. The FNI emphasized that the project represents a strategic turning point for its role in the national digital ecosystem, ensuring resource consistency, optimization, and sharing.

This initiative is part of the country's developing National Digital Transformation Strategy 2030, which prioritizes digital governance. It comes as Algeria ramps up digital projects to modernize its administration and stimulate innovation. In recent years, the country has strengthened its telecommunications infrastructure, expanded 4G coverage to more than 85% of the population, and launched several digital skills training programs for young people and businesses. The technology hub is expected to build on these achievements to create a structured ecosystem capable of sharing resources and leveraging local expertise.

Once operational, the hub is expected to optimize technological investments, accelerate innovation in digital services, and attract regional and international players. The initiative could also play a key role in economic development by fostering the emergence of solutions tailored to the needs of the financial sector while strengthening the competitiveness of Algerian startups and businesses in the digital market.

Samira Njoya