5 January 2018
"Lagos, London and Nairobi-based TLcom Capital raised $40 million for its new growth-stage Tide Africa Fund. In April, The World Bank launched its XL Africa accelerator to support Sub-Saharan African startups with business mentoring and up to $1.5 million in early-stage capital."
27 December 2017
"The World Bank launched its XL Africa programme early in the year, offering startups access to a tailormade curriculum and the chance to receive mentoring from global and local experts. It is supported by a number of African investment groups. After more than 900 applications were received, organisers selected 20 African tech startups to take part in the programme, which ended with a two-week residency in Cape Town."
"For now Kenya’s version of Silicon Valley is Nairobi’s Kilimani neighborhood, in particular a heavily trafficked, ramshackle thoroughfare known as Ngong Road. One catalyst was the influential technology-innovation center iHub, from which a number of homegrown software start-ups have been hatched."
Global Entrepreneurship Network
28 November 2017
"The winners were: Jorge Lawson of Argentina for the Startup Nations Award for Local Policy Leadership; Mariano Mayer of Argentina for the Startup Nations Award for National Policy Leadership; the Innovation and Entrepreneurship Team from the World Bank, for the Startup Nations Award for Groundbreaking Policy Thinking and Mikk Vainik of Estonia for the Global Entrepreneurship Network Award."
17 November 2017
"Kenyan on-demand logistics startup Sendy has raised US$2 million in funding to expand its operations, the company’s co-founder told the African Angel Investor Summit in Cape Town yesterday. Launched in 2014, Sendy offers a marketplace for last-mile package delivery and logistics services, allowing customers to send packages and documents using a mobile application that connects them to motorcycle riders, and drivers of vans and pickup trucks. It also has a ride-hailing service."
6 November 2017
"Twenty promising African tech startups today began an 11-day residency in Cape Town at the World Bank’s XL Africa accelerator. The programme runs until 17 November and startups have a chance of securing up to $1.5-million. The accelerator was launched in April by the World Bank Group’s infoDev program."
The St. Lucia Star
4 November 2017
"Halfway into its two-year term, LINK has already awarded over US$500,000 to 14 Caribbean companies and laid the groundwork for what organisers term “an angel investment ecosytem” in the region. As Caribbean small businesses struggle to raise seed capital, many look to angel investors to bridge the gap between potential and profit."
My Joy Online, Ghana
30 October 2017
"Mowgli Mentoring is partnering with the World Bank Group and the Ghana Climate Innovation Centre (GCIC) to deliver its first mentoring program in West Africa. To strengthen the Ghana Climate Innovation Centre’s (GCIC) current offering, non-profit Mowgli Mentoring will design and facilitate a six-month structured mentoring program."
4 October 2017
"Government has launched the Zambia Agribusiness and trade project (ZATP) to promote agricultural diversification for the country’s economic growth. Speaking during the launch at Lusaka’s Mulungushi International Conference Center today, Commerce, Trade and Industry Minister Margret Mwanakatwe said the project reflects Government’s determination to attain the vision 2030 and the sustainable Development Goals (SDGs)."
18 September 2017
"The 20-strong cohort of the Traction Camp accelerator jointly run by the World Bank and Kenya’s iHub are convening in Nairobi today for a week-long bootcamp culminating in an investor Demo Day. Disrupt Africa reported last year m:lab East Africa – which has since been subsumed into iHub – and the World Bank Group launched the Traction Camp initiative; one of a series of accelerator programmes being launched by the World Bank across Africa."
24 August 2017
"In the past decade, climate technology startup accelerators have sprouted like mushrooms. Among the oldest is the Cleantech Open, which launched a decade ago in Silicon Valley and now operates programs across the United States and in other countries. On the other side of the Atlantic, Climate-KIC operates a climate change accelerator across Europe. The recently launched New Energy Nexus brings together a network of clean tech accelerators from across the globe."
24 August 2017
"The World Bank’s Climate Technology Programme has partnered GreenCape, the Bertha Centre for Social Innovation and Entrepreneurship and WWF South Africa to test an innovative, outcome-based funding mechanism to catalyse investments into small green businesses that contribute to social and environmental outcomes."
The Himalayan Times
8 August 2017
"A fully functional office of the Nepal Agribusiness Innovation Centre (NABIC) was inaugurated here on Monday by Minister for Agricultural Development Ramkrishna Yadav. NABIC is Nepal’s first agribusiness incubation and innovation platform, as per a media release."
7 August 2017
"African tech startups supported by any of the various mLabs set up across the continent by infoDev has a survival rate of 84 per cent, according to a new analysis by the World Bank. Since 2011, infoDev has been piloting entrepreneurship support programmes across the globe and has helped establish a network of mLabs to support digital entrepreneurs."
The Ghana Climate Innovation Center Roadshow
- GCIC Green Business Roadshow Begins in Sunyani | Ghana News Agency
- Climate Centre Embarks on Roadshow | GRAPHIC ONLINE
- Ghana: UNU-INRA Holds Consultative Workshop On Climate and Clean Technology | AllAfrica
22 July 2017
"Henok has been involved in hundreds of strategic engagements with investors, helping move the Ethiopian economy closer to an industrialised nation. He was one of the architects of the Ethiopian Climate Innovation Center, a clean tech incubator that was funded by the World Bank and the agribusiness Incubator funded by USAID. 'That helped many and connected thousands of local farmers to be engaged to the international market,' he said."
The Financial Times
29 May 2017
Karim el-Alami thinks big. Since finishing university two years ago, the young Moroccan engineer and a friend have developed software that uses artificial intelligence to manage renewable energy costs. Their company, Elum Energy, will start deploying the software in telecoms towers around Morocco this summer. They are considering exports and are in talks with operators in a number of countries of sub-Saharan Africa ... Mustapha Bakkoury, head of the Moroccan Agency for Solar Energy (Masen), which is responsible for renewables development in the country, told the FT in 2015 that the state was looking to do more than just reduce reliance on fossil fuels and reduce emissions: “We are working to create the conditions for future exports,” he said.
4 May 2017
"I have learnt some valuable lessons from working with the Ghana Climate Innovation Center, a technology hub that’s part of the World Bank Climate Innovation Centres programme." Fred McBagonluri - Dean of Engineering, Ashesi University
The Launch of Nepal Agribusiness Innovation Center
The World Bank Group, the Ministry of Agriculture Development through its Project for Agriculture Commercialization and Trade (PACT), and implementing partner Practical Action Consulting and Kathmandu University School Of Management, with support from the governments of Finland, Norway, and Sweden, today launched the Nepal Agribusiness Innovation Center, a new business hub designed to increase the competitiveness and growth of local agro-processing companies.
- Agribusiness Innovation centre opened in Capital | The Kathmandu Post
- Govt forms agribusiness innovation center | My Republica
The Launch of XL Africa
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.
- African digital startups to receive $1.5m funding from World Bank | Nigerian Tribune
- World Bank Launches Accelerator Programme for African Digital Startups | Ventureburn
- How to Launch Your Startup with World Bank Support | IT News Africa
- World Bank Group Launches Initiative to Support Digital Entrepreneurs in Africa | BizNis Africa
- World Bank Group to Incubate 20 African Start-Ups | Footprint2Africa
- World Bank launches XL Africa accelerator | Disrupt Africa
- World Bank Boosts African Startups With Business Acceleration Initiative | AFK Insider
- Gain Between $250,000 and $1.5m Capital in the XL Africa Accelerator Program | Tech Point
- World Bank Group Launches New Programme to Support Africa’s Top Digital Entrepreneurs | CPI Financial
- Economie et finance : la Banque mondiale finance les startups africaines | Agence d’Information D’Afrique Centrale
- La Banque mondiale offre aux start-up camerounaises la possibilité de bénéficier d’un programme d’incubation de 5 mois | Investir Au Cameroun
The New Times (Rwanda)
4 April 2017
"With such success, soon donors came calling. From Infodev (the World Bank Innovation and Entrepreneurship arm), which first saw AkiraChix’s potential, to Google Rise, iHub, Computer Aid and many others, they rushed to provide financial support. AkiraChix relies on grants and other external support for their services, giving hundreds of young women, especially from less privileged backgrounds, a chance to explore careers in technology. More than 60 students have earned diplomas in information technology and entrepreneurship."
Venture Capital for Africa (VC4A)
22 March 2017
"Of particular relevance, was the 2017 African Angel Investor Roundtable held at the Johannesburg Stock Exchange (JSE) on March, Wednesday the 17th. The curated meeting was organized by VC4A partners: The African Business Angels Network (ABAN) and infoDev at the World Bank. The meeting brought together a cross section of African investors to discuss the state of angel investing industry in Africa and to debate the roadmap for the future."
15 March 2017
The TV channel CNBC Africa and infoDev's Senior Private Sector Specialist Ellen Olafsen discussed entrepreneurship policy in South Africa.
SME South Africa
13 March 2017
Big success requires big commitment - "For one, growth-oriented entrepreneurs must have the aspiration to grow. You cannot expect that entrepreneurs will take the risk of expanding a company if they have no aspiration to do so. Expanding a company requires significant sacrifice, time and resources that many entrepreneurs cannot — or are not prepared to — invest. Indeed, "personal circumstances" is one of the most cited reasons for discontinuing a start-up project." - Ellen Olafsen
27 January 2017
"Startup accelerator m.Labs has announced a partnership with major tech hubs that support SMEs within the digital and ICT sectors across East Africa."
19 December 2016
"The World Bank Group and partners have launched a network that brings together more than 30 foundations, donors, venture funds, and others to help local businesses in 12 countries develop clean technology and advance climate action."
With Jambar Tech Lab, Senegal Wants to Attract the New African Digital Elite [Avec « Jambar Tech Lab », le Sénégal veut attirer la nouvelle élite digitale africaine]
Les Echos Entrepreneurs
30 October 2016
"Could Dakar, the bustling capital of Senegal, became a new rallying point for digital entrepreneurs from across West Africa? This vision could become reality with the launch of the Jambar Tech Lab initiative. [...] The list of beneficiary countries is being finalized with the infoDev program of the World Bank, the main institutional and financial partner in this program." (Translated from original French.)
12 October 2016
"A Jamaican national has won the Inter-American Development Bank (IDB) award for the 'Start-up with the Most Growth Potential.' The Washington-based financial institution said that Dwayne Campbell from BookFusion was the only Caribbean national to cop an award, as the bank celebrated the third Venture Night, featuring 12 start-ups from Latin America and the Caribbean."
BookFusion previously won the top prize at the PitchIT Caribbean Challenge, and received backing from First Angels Jamaica, a regional angel investor group launched with support from infoDev.
1 September 2016
"The future will be built in Africa, Facebook CEO Mark Zuckerberg said in Nigeria, before traveling to Kenya, the 'world leader' in mobile money, on his first visit to sub-Saharan Africa, a surprise trip which has propelled Africa’s entrepreneurial spirit into the news."
"'It’s inspiring to see how engineers here are using mobile money to build businesses and help their community,' Zuckerberg said after visiting Nairobi’s iHub, the most famous of Africa’s innovation hubs."
Zuckerberg met with developers from m:lab East Africa, which is based in the iHub and was founded with support from infoDev.
28 July 2016
"This September [Valrie Grant and Cecile Watson] will launch the first Commonwealth-wide crowdfunding campaign, FundRiseHER. Its goal: to raise $1 million to benefit 50 women entrepreneurs from at least 10 Caribbean countries, including Cuba and Haiti."
"[Watson] noted that a World Bank report, Crowdfunding’s Potential for the Developing World, projects that by 2025, crowdfunding will be a worldwide industry of $93 billion — with about $11 billion from Latin America and the Caribbean. 'The power of crowdfunding is so much more than just that type of charitable, individualistic need. The real power comes when we can actually provide funding for entrepreneurs.'"
Guardian: Trinidad and Tobago
24 July 2016
"Kenia Mattis of Jamaica won US$15,000 in the Spark the Fire pitch competition for her literacy start-up ListenMi. Mattis is one of a growth-oriented group of entrepreneurs who are taking part in the eight-month Women Innovators in the Caribbean Acceleration Programme (WINCAP) in T&T and 11 other Caribbean territories. The programme is partially funded by the Government of Canada and the World Bank."
18 July 2016
"For entrepreneur Kenia Mattis, a passion for culture and creativity has not only resulted in changing the local scene when it comes to media production and animation, but also staking her claim as a successful start-up business on the global stage as well."
"'Being a start-up in Jamaica; being a creative start-up in Jamaica as a woman, makes life very interesting. I think that we don’t have enough support networks for people like me, but having a support network is critical.' She added that she has found this support in the Women Innovators of the Caribbean group."
18 May 2016
"Ashesi University College, in partnership with the World Bank Group, the governments of Denmark and the Netherlands, and Ghana’s Ministry of Environment, Science, Technology and Innovation (MESTI), inaugurated the Ghana Climate Innovation Center (GCIC) at Ashesi’s campus today. The technology hub is geared to help over 100 local clean technology businesses grow and commercialize innovative solutions to climate change."
10 March 2016
"Faculty and staff from Ashesi engaged with a cross section of professionals from the finance and investment sectors in Ghana to brainstorm curriculum formats for the Ghana Climate Innovation Center."
18 February 2016
"... 1776, iHub and Nairobi Garage, in collaboration with World Bank’s network of Climate Innovation Centers, announced the five winners from the Nairobi Challenge Cup Regional Finals. These startups, chosen from hundreds of competitors from cities across the region, now move on to represent their countries on the worldwide stage at the Challenge Cup Global Finals in Washington, D.C., taking place in June."
11 February 2016
"Global Supply Solutions, a Kenyan renewable energy company that produces charcoal briquettes from pineapple plant waste, has signed a Sh110 million ($1.1 million) funding from ICDC to finance expansion of its Thika-based factory. [...] GSS has also signed a partnership deal with the Kenya Climate Innovation Center, which helps in technical support in areas of patenting and laboratory testing."
6 January 2016
"... 1776, together with Revolution and Global Entrepreneurship Network, announced a diverse collection of global- and local-focused partners for the 2016 Challenge Cup program. The partners, ranging from the World Bank Group to major corporations and local governments, join 1776 to span the globe searching for startups developing highly scalable companies that tackle our world’s greatest challenges."
15 December 2015
"... [M]any African entrepreneurs are paving the way for crowdfunding by experimenting with different online platforms, testing new techniques, and adapting models to developing markets. The new World Bank Group study Crowdfunding in Emerging Markets: Lessons from East African Startups captured and analyzed what these first crowdfunding adopters have learned through their innovative campaigns in East Africa."
11 December 2015
"... [T]he World Bank Group’s Entrepreneurship Program for Innovation in the Caribbean (EPIC) [is] a seven-year, $20 million programme funded by the Government of Canada. [...] Ganesh Rasagam, speaking with the Jamaica Observer, said that strengthening the capacity of 100 entrepreneurs, including at least 30 female entrepreneurs, was priority under the programme."
3 December 2015
"The University of the West Indies-owned UWI Consulting, through the Caribbean Mobile Innovation Project/PitchIT Caribbean, appointed mobile hubs (mHubs) in three countries across the Caribbean to serve the fast-growing mobile app development community."
24 November 2015
"The Nairobi-based m:lab East Africa, Nigeria’s Technology Incubation Centre and the Timbali Technology Incubator from South Africa have been recognised as the best performing university business incubators in Africa by performance analyst firm UBI Global."
20 November 2015
USAID and partners announced the 13 finalists of its "Powering Agriculture" challenge, a competition for the development and expansion of clean energy technologies that enable farmers and agribusinesses to increase food production and the value of agricultural goods, while bolstering low carbon economic growth. Three Kenya Climate Innovation Center clients — KickStart International, SunCulture, and Futurepump Ltd. — were among the finalists.
19 November 2015
"mLab, the mobile app accelerator, ran a rigorous pitching process that included an application, a live pitch in Johannesburg, a video submission as to why we’d benefit from attending, and a phone interview with the Slush Impact judges. Once chosen, the Finnish Embassy in Pretoria kindly hosted our entire journey and opened every door they could to all sorts of investors, donors, government folks, press, and other startups along the way."
22 October 2015
Jermaine Henry is a co-founder of AgroCentral, a mobile platform for communication between buyers and sellers of agricultural products. He was selected to receive product development and customer development support from Devlabs, a business incubator and venture capital firm based in Oakland, California.
AgroCentral previously participated in infoDev's mobile bootcamp and investment simulation.
16 October 2015
"Despite the limited resources and the small geographic and population size of Jamaica, Robert Whitehorne, project manager for PitchIT Caribbean, is hoping that the country will announce its arrival to the worldwide app-developing industry next month in Finland at the Slush 2015 Global Impact Accelerator."
"Three Jamaican teams will be flying to Finland — AgroCentral, Jamaica's first digital agricultural clearing house utilising web and mobile services to connect farmers and businesses; NiriTech, which focuses on creating a virtual learning environment in several CSEC and CAPE subjects; and Transcel, a government-backed mobile money product that allows person-to-person and person-to-institution money transfers."
21 September 2015
"mLab Southern Africa is a vertical accelerator that focuses on mobile innovation and startups. It offers a number of support services including mentoring, development, infrastructure, funding and access to industry players and government locally and internationally. mLab is backed by the World Bank, infoDev, the Ministry of Foreign Affairs of Finland & the Department of Science and Technology."
Mail & Guardian Africa
14 September 2015
"How did a country that less than 20 years ago was struggling from the downside structural programmes, a high risk profile and weak infrastructure transform into an ideas hub and earn itself the moniker 'Silicon Savannah'?"
"Strauss Energy is offering integrated solar panels as a roofing solution. [...] Strauss Energy was incubated at the Kenya Climate Innovation Centre, one of the many hubs in the city that offer working space and financial support to entrepreneurs."
26 August 2015
Derrick Kotze, CEO of mLab South Africa, and Elizabeth Gould, CEO of programming academy CodeX, shared their insights on creating environments that empower South African developers and entrepreneurs. They also spoke about diversity in tech, encouraging women to code, and the future of tech innovation in Africa.
5 June 2015
"Accelerate Caribbean, designed by infoDev of the World Bank Group as part of its Entrepreneurship Programme for Innovation in the Caribbean (EPIC), said following a five week competition and rigorous selection process, it had chosen the companies from Barbados, Jamaica, Grenada, Trinidad and Tobago, Guyana, Suriname and St Vincent and the Grenadines that will participate in its Business Incubation Clinic during 2015-2016."
7 May 2015
"The African Business Angel Network was formed following the 2014 Investor Summit at DEMO Africa, VC4Africa reports. Experts from infoDev, the World Bank, and African Development Bank are expected to attend. Ingressive is leading a delegation of U.S. investors to the summit. The European Trade Association for Business Angels, Seed Funds and Early Stage Market Players is also expected to attend."
Guardian Trinidad and Tobago
28 April 2015
"The ladies gathered to share experiences and build strategies for future collaboration. Besides their Caribbean heritage and passion for productivity, these go-getters had something else in common. Each had been competitively selected to take part in the first-ever facilitators training for the Women's Innovation Network of the Caribbean (WINC) program. The initiative is a World Bank project to support woman entrepreneurs in the region. It is funded via the Canada Development Bank."
1 April 2015
"Angel investors are contemplating pumping funds into five companies at roughly US$100,000 (J$11.5 m) each, according to Nelson Gray, World Bank consultant charged with developing an angel network across the Caribbean. Gray, a UK accountant and serial investor, came to the Caribbean last September hired by infoDev, the grant arm of the World Bank, to develop an angel investor network across the Caribbean."
South Africa CIC Inaugural Conference: Launch of CIC Global Network
- Engineering News - "South Africa Climate Innovation Center kicks off its national program and joins the World Bank’s global network of innovation centers"
- IT Web - "South Africa gets Climate Innovation Centre"
Ghana CIC Clean Tech Bootcamp
- World Bank - World Bank-supported bootcamp jump-started the 20 most innovative green startups in Ghana
- VentureBurn - World Bank Climate Innovation Centre will support green startups in Ghana
- Disrupt Africa - Ghanaian startups take part in World Bank clean tech bootcamp
Kenya ClC Crowdfunding Pilot
- Business Daily Africa - ‘Clean techpreneurs’ to benefit from crowdfunding support
- Venture Burn - World Bank launches initiative to crowdfund green startups in Kenya
- Business Today - World Bank’s innovation centre launches crowdfunding programme for SMEs
"Building Green Industries" Report
- HydroWorld – Oil Players looking to renewables
- International Institute for Sustainable Development – World Bank Identifies Clean-Tech Market Opportunities for SMEs
- The Climate Group – Small and Medium-sized enterprises can unlock $1.6 trillion clean tech market in next 10 years
- Carbon Trust – New report identifies $1.6 trillion market opportunity for small clean technology businesses in developing countries
19 September 2014
"... a major step forward for venture capital in Jamaica, as a number of leading conglomerates are expected to respond to the Development Bank of Jamaica's call for proposals to manage venture capital funds. [...] Nelson Grey represented the World Bank's infoDev programme designed to help create an angel investment community here in Jamaica."
Rich Productions LTD
14 April 2014
Ernest Chitechi, business consultant for the Kenya Climate Innovation Center (KCIC), talks about innovation, climate technology, and the catalyzing role of the Kenya CIC on the TV show "Road to Success."
Rich Productions LTD
11 April 2014
The television show "Road to Success" dedicated a full episode to Kenya CIC client Peter Chege and his revolutionary hydroponics farming system.
5 March 2014
"Tired of calling to know where your field employees are? A young Kenyan techie has designed and developed a mobile application that keeps track of mobile staff and those located in remote sites. It is called Akida."
"Catherine Kiguru, who runs an IT startup, Ukall, says the application allows users to report on their daily activities and receive important information using a mobile phone."
3 November 2014
"With the Kenyan economy riding the M-Pesa wave, the key beneficiaries have been consumers using their phones to make payments. Kopo Kopo aims to make merchants the next mobile payment-enabled segment of society."
15 December 2013
"We regard as vitally important a just released study by the World Bank on mobilising investment from the Caribbean diaspora, given that most of our regional countries are beset by sluggish economic growth, indebtedness and where, in many cases, remittances are the main source of foreign exchange."
Media Coverage of Kopo Kopo's $2.6m Series A Funding Round
- Venture financed Kopo Kopo paves the way for African based startups - VC4Africa
- Kopo Kopo: Building the “Square of Africa” amid terrorism, monopolists, and huge opportunity - PandoDaily
Wall Street Journal
29 October 2013
"A teddy bear that measures heart rate, temperature and blood-oxygen level when a child hugs or plays with it was one of the more engaging startup products on show at the TechCrunch Disrupt show here in the German capital. Called Teddy the Guardian, the toy is the work of two young entrepreneurs, Ana Burica and Josipa Majić, both graduate students at the University of Zagreb, Croatia."
21 March 2013
"As part of the recently launched Microsoft 4Afrika Initiative, Microsoft Corp. today announced a strategic cooperation with business incubator iHub and the m:lab East Africa consortium to enable startups, innovators and the developer community of East Africa to grow their skills and build businesses with Microsoft technologies."
24 December 2012
"But you need more than tech giants and broadband and even money to launch a local tech industry. You also need a culture of computer geeks. That's where Owigar and her collective Akirachix come in. They want to make sure that the girl geeks are encouraged as much as the guys."
Voice of America
18 October 2012
"NAIROBI — Quickly becoming known as the home of the 'Silicon Savannah,' Kenya hopes to make the world a bit greener with its new Climate Innovation Center. The center will assist entrepreneurs in securing financing and other services for their companies while helping the country and region address the effects of climate change."