Angola Startup Policy and Regulatory Project (IFC-606328)

Countries
  • Angola
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jun 27, 2024
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Instituto Nacional de Apoio as Micro, Pequenas e Médias Empresas (INAPEM)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Industry and Trade
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1.28 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 1.28 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 15, 2025

Disclosed by Bank Oct 25, 2024

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, this project aims to support INAPEM in developing a conducive startup ecosystem in Angola by improving the enabling legal and regulatory framework for startups. The project will focus on two key areas:

1: Policy/Regulatory Advisory

To address challenges faced by Angolan startups, the project will support the enactment of the Startup Act and the amendment of other key regulations by offering inputs during the development of the Angola Startup Act, reviewing other complementary instruments, and sharing best practices from successful global and regional contexts. The project will also facilitate peer-to-peer learning and engagement with policymakers from other African countries to understand critical success factors in implementing Startup Acts and important considerations during the legislative process, and ensure effective engagement of key ecosystem stakeholders, particularly the private sector, during the legislative process as they will be the ultimate beneficiaries of the newly proposed law and related regulatory amendments.

2: Capacity Building & Market Creation

The project will help implement the process for official startup recognition, enabling startups to take advantage of the newly established benefits and fostering connectivity within the Angolan startup ecosystem regionally and globally. The project will also help build the capacity of INAPEM and other public entities to understand and apply the Startup Act and other complementary instrument, and support the design and delivery of a communication campaign to raise awareness of the new legal and regulatory framework governing startups.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Estimated Total Budget: $1,278,399.00 (Project budget includes all project-funded activities)

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

Instituto Nacional de Apoio as Micro, Pequenas e Médias Empresas (INAPEM) - The "National Institute for Support to Micro, Small and Medium-sized Enterprises", abbreviated as INAPEM, is the indirect administrative body of the Angolan State, which is generally responsible for implementing policies and strategies in the area of training and financing of micro, small and medium-sized enterprises.

INAPEM is a public law entity, endowed with legal personality and capacities and administrative and financial autonomy.


Contact Information
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No contacts available at the time of disclosure.

ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

How it works

How it works