Algeria’s plan for African economic strength
At the Tokyo International Conference on African Development (TICAD 2025) in Yokohama, Japan, Algeria’s Minister of Knowledge Economy, Start-Ups and Micro-Enterprises, Noureddine Ouadah, highlighted Algeria’s determination to reinforce Africa’s position as a global economic power, reported AL24 News on August 22nd.
Ouadah attended the conference on behalf of President Abdelmadjid Tebboune. He stressed that Algeria remains firmly committed to advancing continental integration, strengthening Africa’s role in the world economy and prioritising investments in dynamic energy sectors whilst fostering unity, solidarity and strategic cooperation.
According to Ouadah, the continent is at a decisive moment in its economic development, requiring urgent transformation to secure long-term growth. He identified four priority areas to drive this change.
The first focus was on innovation and technology, particularly through digital transformation and artificial intelligence. Ouadah underlined the potential of African start-ups to generate jobs and wealth.
The second was foreign direct investment (FDI), which he characterised as vital for spurring growth in areas such as renewable energy, infrastructure and manufacturing. He insisted that investment must align with local needs and “adhere to environmental and social standards.”
Natural resources formed the third area, where he advocated for “rational and equitable” management, arguing that overdependence on resource revenues has left African economies exposed to instability and external crises, making diversification key.
The fourth priority area concerned human capital. Ouadah noted that the continent’s wealth of creative and skilled young people required education, training and entrepreneurship support to be developed into core drivers of economic transformation.
He also pointed to Algeria’s own domestic progress, attributing its economic growth to structural reforms and an export diversification strategy that has allowed it to become Africa’s third-largest economy, independent of foreign debt. He added that Algeria seeks to deepen partnerships with Japan and other Asian countries in fields including “technology, manufacturing, renewable energies” and modern management, whilst considering Africa’s developmental priorities.
Ouadah described TICAD as an important platform for dialogue and practical cooperation, built on shared respect and common interests.
TICAD 2025, co-organised by the African Union, Japan, the UNDP and the World Bank, brings together representatives of 55 African states, Japanese leaders and international organisations to support the African Union’s Agenda 2063 and the UN’s 2030 Agenda for Sustainable Development across the pillars of economy, society, peace and stability.
AL24 News, Maghrebi
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