
-
Kenya's economy faces climate change risks: World Bank
-
Trump announces direct nuclear talks with Iran
-
Trump announces direct Iran talks, at meeting with Netanyahu
-
Palestinians in West Bank strike to demand end to Gaza war
-
Netanyahu meets Trump for tariff and Gaza talks
-
German police earn their stripes with zebra-loaded van stop
-
'Bloodbath': Spooked Republicans warn Trump over US tariffs
-
Belgian prince loses legal quest for social security
-
France detains alleged Romanian royal wanted in home country
-
Netanyahu to plead with Trump for tariff break
-
JPMorgan Chase CEO warns tariffs will slow growth
-
Stocks sink again as Trump holds firm on tariffs
-
Honda executive resigns over 'inappropriate conduct'
-
'Alarming' microplastic pollution in Europe's great rivers
-
Japan emperor visits World War II battleground Iwo Jima
-
'Everyone is losing money': Hong Kong investors rattled by market rout
-
China vows to stay 'safe and promising land' for foreign investment
-
Stocks savaged as China retaliation to Trump tariffs fans trade war
-
Belgian prince seeks social security on top of allowance
-
European airlines hit turbulence over Western Sahara flights
-
Boeing faces new civil trial over 2019 Ethiopian Airlines crash
-
Equities savaged as China retaliation to Trump tariffs fans trade war
-
Netanyahu and Trump to talk tariffs, Iran and Gaza
-
New app hopes to empower artists against AI
-
GA-ASI Expands Targeting Capability for MQ-9B SeaGuardian(R)
-
World scrambles to temper Trump tariffs: White House
-
Torrential rains kill dozens in DR Congo capital
-
Vietnam seeks US tariff delay as economic growth slows in first quarter
-
UK readies to protect industry as US tariffs upend global order: Starmer
-
Vietnam economic growth slows in first quarter as US tariffs loom
-
The scientist rewriting DNA, and the future of medicine
-
'Anxious': US farmers see tariffs threaten earnings
-
Nostalgia fuels UK boom in vintage video game repairs
-
Snappy birthday: Germany's Leica camera turns 100
-
India's Modi in Sri Lanka for defence and energy deals
-
Fractious Republicans seek unity over Trump tax cuts
-
Trump's global tariff takes effect in dramatic US trade shift
-
'I don't have a voice in my head': Life with no inner monologue
-
Lula admits 'still a lot to do' for Indigenous Brazilians
-
California to defy Trump's tariffs to allay global trade fears
-
Sean 'Diddy' Combs faces more charges ahead of criminal trial
-
Intercommunal violence kills dozens in central Nigeria
-
Trump goads China as global trade war escalates
-
How can the EU respond to Trump tariffs?
-
Canada loses jobs for first time in 3 years as US tariffs bite
-
Nations divided ahead of decisive week for shipping emissions
-
US job growth strong in March but Trump tariff impact still to come
-
Stocks, oil slump as China retaliates and Trump digs in heels
-
US hiring beats expectations in March as tariff uncertainty brews
-
Where things stand in the US-China trade war
RBGPF | 1.48% | 69.02 | $ | |
CMSC | -0.54% | 22.17 | $ | |
BCC | -3.86% | 91.89 | $ | |
SCS | -3.73% | 10.2 | $ | |
RIO | -0.2% | 54.56 | $ | |
CMSD | -1.56% | 22.48 | $ | |
GSK | -4.85% | 34.84 | $ | |
NGG | -4.82% | 62.9 | $ | |
BCE | -2.85% | 22.08 | $ | |
RELX | -5.78% | 45.53 | $ | |
AZN | -4.06% | 65.79 | $ | |
RYCEF | -0.24% | 8.23 | $ | |
JRI | -6.22% | 11.26 | $ | |
BTI | -1.09% | 39.43 | $ | |
BP | -4.45% | 27.17 | $ | |
VOD | -1.8% | 8.35 | $ |

Global ambitions drive Algerian tech start-up Yassir
It's the Algerian start-up that made good: despite the country's notoriously complex business climate, taxi and home-delivery firm Yassir has millions of users and is expanding across Africa.
"We made it our mission to create a model of success that was genuinely, 100-percent Algerian, to develop local talent and show that it's possible to create added value in Algeria," said co-founder Noureddine Tayebi.
Patience has been key as they navigate the country's archaic bureaucracy, the bugbear of investors and one that creates particularly tough terrain for new entrants.
"Bureaucracy is one obstacle that we have to overcome. I can't say it's easy, but you have to deal with it and move forward," Tayebi told AFP.
It's a sign of changing times in Algeria, which in 2020 passed a law on start-ups and created a ministry to promote them.
Since he launched Yassir five years ago with fellow engineer Mehdi Yettou, the company has rolled out across the Maghreb region and beyond.
Late last year they raised some $30 million from American investors, cash they plan to pump into an ambitious expansion plan.
The firm has indirectly created more than 40,000 driver and delivery jobs and its revenue is skyrocketing at up to 40 percent a month.
Tayebi studied in Algiers before earning his doctorate in electronic engineering at the United States's prestigious Stanford University.
That led to a job with chip manufacturer Intel -- but after eight years in Silicon Valley, he decided to return home and set up Yassir along with Yettou.
- Expanding in Africa -
The name is a play on the words for "easy" and "drive" in Algerian Arabic.
The pair launched their taxi app in 2017 in Algiers, a capital with a population of four million and desperately lacking public transport.
The firm has since branched out into deliveries of fast food and groceries, with sister app Yassir Express.
Today Yassir has some four million subscribers in 25 cities across Algeria, neighbouring Morocco and Tunisia, as well as Canada and France.
Tayebi says he now has his sights set on West Africa -- the app already works in Senegal -- and other major markets on the continent such as South Africa, Nigeria and Egypt.
While its growth has been explosive, the business faces tough competition from Uber, Heetch and others.
To succeed, it will need to hire hundreds of highly skilled technicians.
It is already the biggest tech employer in the Maghreb region with some 600 engineers, a figure it wants to triple or even quadruple.
In Algiers, 30 or so young call centre operators are on hand to deal with around 6,000 orders a day.
"The average delivery time for meals is 30 minutes," said Wissem, who runs the call centre.
- Big ambitions -
Tayebi also wants to provide an online payment system -- a rarity in Algeria, where customers pay cash on delivery.
"Most of the population in Algeria and across Africa don't have bank accounts -- not because there's no banking system, but because people don't trust it," Tayebi said.
He hopes to change that by capitalising on the trust the company has among its growing customer base.
"That's the strength of our model and what sets us apart, particularly from Uber," he said.
It also means the firm needs to keep a squeaky-clean image.
One Yassir taxi driver told AFP he had been given training in communication before being hired.
Tayebi said there was "a rigorous process for selecting drivers".
"We verify their police records, training and education. There's even a psychological interview."
It's all part of a business for which he has set ambitious targets.
"The goal is to create the biggest tech company not just in Africa but in the world," Tayebi said.
"To get there, you need to be in lots of markets."
Y.Ponomarenko--CPN