Sign In
  • Africa
  • African
  • Trump
  • South
  • Guardian
  • Mail
logo
  • Home
  • Ghana
  • Africa
  • World
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Health
  • Crime
  • Lifestyle
Reading: Driving Economic Transformation: The Role of ICT in Empowering Emerging Markets
Share
African News HeraldAfrican News Herald
Font ResizerAa
Search
  • Home
  • Ghana
  • Africa
  • World
  • Politics
  • Business
  • Technology
  • Sports
  • Entertainment
  • Health
  • Crime
  • Lifestyle
Follow US
© 2024 africanewsherald.com – All Rights Reserved.
African News Herald > Blog > Business > Driving Economic Transformation: The Role of ICT in Empowering Emerging Markets
Business

Driving Economic Transformation: The Role of ICT in Empowering Emerging Markets

ANH Team
Last updated: April 9, 2025 2:29 pm
ANH Team
Share
SHARE

Empowering Economic Growth Through ICT: The Impact of AfTIAS 2.0 in Algeria

The Information and Communication Technology (ICT) sector is reshaping global economies, offering innovative solutions that revolutionize business models, enhance efficiency, and boost competitiveness. In the quest for a strong position in the global market, ICT plays a crucial role in driving sustainable growth. One initiative making significant strides in this realm is the Aid for Trade Initiative for Arab States (AfTIAS) 2.0 program, particularly in Algeria’s information and digital technology (IDT) sector.

AfTIAS 2.0’s intervention in Algeria is a testament to how ICT can reshape economic opportunities. Through targeted strategies, the program is enhancing the competitiveness of tech startups and SMEs by addressing their unique challenges, from capacity-building to international market access. The focus on digital transformation has been pivotal in fostering an entrepreneurial ecosystem within the country.

One of the key initiatives of the program is bolstering the capacity of Business Support Organizations (BSOs) such as Algeria Venture and the Algerian Startup Support Fund (ASF). These organizations have received tailored support to enhance their ability to mentor startups, provide advisory services, and facilitate funding access. Workshops on digitalization have equipped Trade Support Institutions (TSIs) with practical tools to develop digital transition action plans, enabling them to offer more effective support to businesses navigating the digital landscape.

At the enterprise level, AfTIAS 2.0 has offered specialized training to startups in Algeria, focusing on improving their business models, financial planning, and internationalization strategies. Collaboration with entities like IncubMe has provided training in areas such as data science, commercial strategy, and investor readiness, equipping startups with practical tools to scale their operations and enhance competitiveness.

See also  5 African countries make historic $16 million pledge to African Development Fund

By facilitating participation in global events like GITEX and Viva Technology, AfTIAS 2.0 has opened doors for Algerian startups on the international stage. These platforms not only offer visibility but also create opportunities for partnerships, investments, and networking. For example, the startup Namlatic secured contracts with Algerian hotels and gained media attention, showcasing the tangible outcomes of global exposure.

The core message of these initiatives is clear: ICT is a catalyst for economic transformation. By integrating ICT into trade and business processes, AfTIAS 2.0 is unlocking growth opportunities that transcend borders. The program’s emphasis on inclusivity, particularly in empowering women and youth in the ICT sector, amplifies its impact, ensuring that development is both equitable and sustainable.

Despite the progress, challenges persist. The need for institutional stability, improved digital infrastructure access, and sustained capacity-building investments are crucial for maintaining these advancements. AfTIAS 2.0’s commitment to addressing these challenges through diagnostic missions and ongoing support underscores its dedication to creating lasting impact.

AfTIAS 2.0 showcases the transformative power of ICT in driving economic growth and innovation. By promoting digital literacy, strengthening institutional capacity, and fostering global connections, the program is paving the way for a digitally empowered future. As ICT continues to shape the global economy, initiatives like AfTIAS 2.0 will play a pivotal role in ensuring that emerging markets lead, rather than just participate, in this digital transformation.

Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

I have read and agree to the terms & conditions
TAGGED:drivingEconomicEMERGINGEmpoweringICTMarketsroleTransformation
Share This Article
Twitter Email Copy Link Print
Previous Article Actress Six Nyamane on why she left ‘Generations: The Legacy’
Next Article PDP Picks Ezenwafor for 2025 Anambra Gubernatorial Race
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Pick

Ghana Mother Charged for Burning Son With Iron Over Lost Pen

A Ho Circuit Court has remanded 25-year-old cook Jemima Kwaku after she allegedly burned her 11-year-old son with a hot…

August 17, 2025 2 Min Read
Okofo Katakyi Nyakoh Eku X calls for third district from Agona West

Okofo Katakyi Nyakoh Eku X, the Paramount chief of Agona Nyakrom Traditional…

2 Min Read
Accenture to buy Australian cybersecurity firm CyberCX for reported $650 mln

Aug 14 (Reuters) – Accenture (ACN.N),said on Thursday it will buy Australian cybersecurity…

2 Min Read

Lifestyle

My husband is sleeping with his boss, I’m scared to lose him

File photo of a worried woman Dear GhanaWeb, I am…

August 26, 2025

AFLIGA launches inaugural thought leadership series on African Female Leadership

The Africa Future Leaders Institute of…

August 26, 2025

I’m extremely rich but dying slowly

File photo of a worried man…

August 26, 2025

I have been maltreating my father and I want to stop

Dear GhanaWeb, I am reaching out…

August 26, 2025

Recipe of the day: Boerewors and egg quichelettes

Looking for a delicious snack to…

August 26, 2025

You Might Also Like

Business

Cedi crosses GH¢11 to US dollar amid supply pressures

The Ghana cedi has seen a significant depreciation, crossing the GH¢11 mark against the US dollar, as reported by various…

3 Min Read

Salvadoran immigrant who was warned of being deported to Uganda has been re-arrested

The recent arrest of Abrego Garcia in Baltimore has sparked controversy over the US immigration officials' aggressive deportation tactics. Garcia,…

2 Min Read
Business

Tanzania’s Payments Evolution: Mobile Money Providers Lead Banks to a Digital Issuing Future

Dar es Salaam: Tanzania's Gateway to a Cash-lite Future Dar es Salaam, the bustling economic hub of Tanzania, is a…

4 Min Read
Business

PKA, Chinese firms sign MoU to set up electric vehicle plant in Ghana

PKA Export and Import, a Ghanaian company, has recently signed a memorandum of understanding with Chinese firms Polyrocks and Sinovcle…

3 Min Read
logo logo
Facebook Twitter Youtube

About US

Stay informed with the latest news from Africa and around the world. Covering global politics, sports, and technology, our site delivers in-depth analysis, breaking news, and exclusive insights to keep you connected with the stories that matter most.

Top Categories
  • Africa
  • Business
  • Entertainment
  • Sports
Usefull Links
  • Home
  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2024 africanewsherald.com –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?