Good news for entrepreneurs and startups in North Africa. The International Finance Corporation (IFC) a subsidiary of the World Bank Group for the private sector, has launched a new assistance program technique aimed at helping startups based in Tunisia, Algeria, Libya and Morocco to develop across North Africa. The program, called Start Maghreb, brings together startups, incubators, accelerators, investors, public institutions and donors in order to share knowledge, identify blocking points and find solutions to promote the development of young companies.
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Here Is What You Need To Know
- The initiative will include a series of public-private dialogues and implement targeted programs to meet the needs of startups.
- The objective of Start Maghreb is to help, according to the IFC, startups to access larger markets across the Maghreb and thus create jobs and opportunities for young people.
- Xavier Reille, director of IFC for the Maghreb assured that the young people of the region are among the most innovative in the world by constantly demonstrating their creation of many startups that meet the needs of their communities. He said the new program will help boost the development of startups across the region and boost cooperation and job creation.
- IFC specifies that its new program aims to facilitate greater regional integration for startups and will, in this case, develop new partnerships with donors and create synergies to promote the ecosystem of startups to across the Maghreb.
IFC North Africa startups IFC Start Magh
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning write