Tag: world bank

The Future of Work in Africa: Unleashing the Promise of Digital Technologies for All

The Future of Work in Africa: Unleashing the Promise of Digital Technologies for All

Business, Internet, social media, Technology
As developing countries brace for technological advances and other disruptions arising from climate shocks, fragility, economic integration and population transitions that will fundamentally transform the work landscape, a new World Bank report notes that Sub-Saharan African countries may benefit from digital technology adoption in different ways than other regions. The Future of Work in Africa: Harnessing the Potential of Digital Technologies for All, a regional companion piece to the World Bank’s World Development Report 2019: The Changing Nature of Work, says the region has an opportunity to forge a different path from the rest of the world – if digital technologies are harnessed correctly by governments and businesses by ensuring that critical policies and investments are in pla
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