Attaf: “President Tebboune is Engineering Africa’s Economic Renaissance”
✍️ BY: Dr. Hana Saada
Algiers – September 2025 – Algeria’s hosting of the fourth Intra-African Trade Fair (IATF 2025) in Algiers has been hailed as a defining moment in the continent’s economic trajectory, with Foreign Minister Ahmed Attaf declaring that President Abdelmadjid Tebboune is spearheading “Africa’s economic renaissance.”
Speaking at a high-profile press conference attended by national and international media, senior government officials, and presidential advisers, Attaf emphasized that Algeria’s decision to host the IATF was not an accident of circumstance but the outcome of a deliberate, strategic choice. “This initiative was neither fortuitous nor circumstantial. It was the fruit of a carefully weighed, sovereign decision taken with full strategic foresight,” he asserted.
Algeria’s continental responsibility
Attaf underlined that Algeria, under President Tebboune’s leadership, has embraced its responsibility to play a central role in advancing Africa’s integration project. He reminded his audience that in a world where weakness invites marginalization, Africa cannot afford hesitation. “Development is a lever of stability, security, and peace,” he declared, stressing that wars, poverty, and underdevelopment are not the continent’s destiny but challenges to be overcome with collective political will and mobilized resources.
For Algeria, the IATF was more than an economic fair—it was a continental milestone. Attaf described it as a platform to showcase Africa’s potential for cooperation and partnership, and a concrete step toward building a sovereign African economy capable of claiming its rightful place in the global order.
Rejecting marginalization in global governance
The foreign minister struck a defiant tone, asserting that Africa will no longer accept a subordinate role in institutions such as the WTO, IMF, and World Bank. Instead, the continent now seeks “balanced partnerships founded on equality, mutual respect, and equitable sharing of benefits.” Africa, he insisted, is taking its destiny into its own hands, transforming present difficulties into catalysts for unity and resilience.
This renewed assertiveness has already borne fruit: Africa’s permanent membership in the G20, the expansion of institutional partnerships with global powers, and the consolidation of frameworks like the African Continental Free Trade Area (AfCFTA), Afreximbank, and the African Development Bank. For Attaf, these mechanisms are no longer ends in themselves but means of generating measurable impact in Africa’s economic revival.
Record-breaking results in Algiers
The numbers speak for themselves. The Algiers edition of the IATF shattered all previous records: 132 participating countries, including 49 African and 21 non-African, 2,148 exhibitors, and over 112,000 visitors, both physical and virtual. Agreements worth $48.3 billion were signed, while 987 professional buyers were identified—far surpassing the initial target of 750.
Algerian companies themselves secured contracts totaling $11.4 billion, with an additional $11.6 billion under negotiation—bringing the national total to $23 billion. These achievements, Attaf noted, demonstrate Algeria’s capacity not only to diversify its exports but also to act as a continental hub for intra-African trade and investment.
A fund for Africa’s youth
Perhaps the most symbolic measure announced during the fair was President Tebboune’s launch of a special fund to finance innovative African startups. Attaf described the initiative as a “historic commitment” to the continent’s youth—the real engine of Africa’s renaissance—designed to empower them in fields ranging from renewable energy and AI to robotics, digitalization, and advanced technologies.
In conclusion, Attaf stressed that Africa now stands at a turning point: either to be a passive observer of the global technological revolutions reshaping the economy, or to become an active participant and influencer. “Africa now trades with itself, invests in itself, and recognizes that its strength lies in its own resources and its own children,” he said, insisting that the continent’s ambition must be to secure a dignified, influential, and respected place in world affairs.
By all accounts, IATF 2025 has consolidated Algeria’s position as a driving force behind Africa’s integration, and reaffirmed President Tebboune’s determination to anchor Algeria as a central pillar in the collective rise of the continent.
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