The World Bank Group has launched XL Africa, a five-month business acceleration programme 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.
“Digital start-ups are important drivers of innovation in Africa,” says Makhtar Diop, Vice President for the Africa Region at the World Bank.
“To scale and spread new technologies and services beyond borders, they need an integrated ecosystem that provides access to regional markets and global…
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