A (Silicon) Valley Grows in Algeria

A staggering 97 percent of Algeria’s exports and 60 percent of the government’s income come from oil and gas—numbers that are all fine and well, when the price of oil is high.

But oil prices tumbled to nearly half their value a year ago, and have remained stuck there ever since. Algeria is now struggling to find a way to make up lost revenue, since the country heavily subsidizes electricity, food, and other necessities for their citizens.

Some Algerians are hoping to use the crisis an opportunity to form companies of their own. Their obstacles—as well as the potential payoffs for the government, entrepreneurs, and investors—are considerable.

Read the rest of Elizabeth’s story on vice.com.

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