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IFC Launches Start Maghreb to Help Startups Expand Across North Africa

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IFC today launched Start Maghreb to make it easier for start-ups in Algeria, Libya, Morocco and Tunisia to expand their operations across North Africa.

The Start Maghreb program brings together start-ups, incubators, accelerators, investors, donors and other stakeholders to exchange expertise, identify bottlenecks, and build solutions through targeted stakeholder engagement, as well as a series of public-private dialogues.

The aim is to help start-ups access bigger markets across the Maghreb and create more jobs and opportunities for the region’s youth.

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“Young people in the Maghreb are among the most innovative in the world and have built many start-ups that meet their communities’ needs,” said Xavier Reille, IFC Country Manager for the Maghreb. “Our new program will build pathways to help even more start-ups develop and expand across the region, to boost regional cooperation and create more jobs.”

Entrepreneurs and start-ups are seen as a vital part of the region’s economy, helping to drive innovation, create jobs, and propel growth. However, the region’s start-up ecosystem is still considered nascent, with challenges in bringing new products to market, integrating new technology, and providing capital to help businesses grow.

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Along with fostering greater regional integration and spurring innovation, the new program will also bring donors into the conversation and ensure synergies in developing the start-up ecosystem across the Maghreb.

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Milcah Lukhanyu
Milcah Lukhanyuhttps://techmoran.com
I cover tech news across Africa. Drop me an email at editor@techmoran.com

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