Original disclosure @ IFC website
Updated in EWS May 31, 2021
Disclosed by Bank Apr 16, 2021
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IFC anticipates that the project would result in increased access to pre-seed stage equity and increased ability for startups to scale operations and receive follow-on funding in East Africa. Based on the Fund's track record, it is expected to train and provide networks to East African entrepreneurs, especially encouraging women founders, that will launch startups in the region. Beyond the Project, this investment has the potential to increase the competitiveness of the local start-up ecosystem and venture capital market in East Africa, especially Kenya, through demonstration and capacity building effects.
Partner, East Africa
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