Tag: world bank

World Bank Group Launches Program to Support Africa’s Top Digital Entrepreneurs

World Bank Group Launches Program to Support Africa’s Top Digital Entrepreneurs

Startups
The World Bank Group launched XL Africa, a five-month business acceleration program designed to support the 20 most promising digital start-ups from Sub-Saharan Africa. Start-ups will receive mentoring from global and local experts, learn through a tailor-made curriculum, increase their regional visibility, and get access to potential corporate partners and investors. With support from prominent African investment groups, XL Africa will help the 20 selected start-ups attract early stage capital between $250,000 and $1.5 million. The Vice President for the Africa Region at the World Bank says Digital start-ups are important drivers of innovation in Africa. To scale and spread new technologies and services beyond borders, they need an integrated ecosystem that provides access to regional m