International records / UNDP

NGA - timbuktoo Fintech

The main objective of the proposed support is to strengthen the pan-African start-up andinnovation ecosystem through a blended catalytic and commercial financing facility calledtimbuktoo Africa Innovation Foundation. Its key purpose would be to nurture the scaling upof impactful innovative technology and technology-enabled (TTE) start-ups across Africa.The proposed financing facility would focus on addressing three issues:1) Gaps in early-stage domestic and international risk capital (venture capital),2) A fragmented and weak start-up ecosystem — specifically with as it relates toentrepreneur …