{"id":11963,"date":"2021-05-17T11:21:39","date_gmt":"2021-05-17T09:21:39","guid":{"rendered":"https:\/\/ecomnewsafrique.com\/?post_type=news&#038;p=11963"},"modified":"2021-05-17T11:21:40","modified_gmt":"2021-05-17T09:21:40","slug":"africa-the-world-bank-wants-to-provide-an-additional-10-million-for-the-benefit-of-start-ups","status":"publish","type":"news","link":"https:\/\/ecomnewsafrique.com\/en\/2021\/05\/17\/africa-the-world-bank-wants-to-provide-an-additional-10-million-for-the-benefit-of-start-ups\/","title":{"rendered":"Africa : The World Bank wants to provide an additional $ 10 million for the benefit of start-ups"},"content":"\n  \n    \n      \nThe International Finance Corporation (IFC), the branch of the World Bank in charge of the private sector in developing countries, is considering a possibility of providing an additional $ 10 million for start-ups in Africa. \n\n    \n  \n\n\n  \n    \n      \nThe institution should soon decide whether it will participate in the financing of the second fund of the firm TLcom Capital dedicated to this purpose. \n\n    \n  \n\n\n  \n    \n      \nThis new fund aims to launch early stage investments for the benefit of technology start-ups in East and West Africa. The financial technology, electronic logistics, electronic supply chain, and health technology products and services sectors will be of particular interest to this fund. \n\n    \n  \n\n\n  \n    \n      \nWe may have to wait until June to find out what the IFC&#8217;s decision is. Beyond providing support to start-ups, TLcom Capital&#8217;s TideAfrica fund, which is based in London, is above all profitable. \n\n    \n  \n\n\n  \n    \n      \nIt is estimated that the firm&#8217;s first fund of $ 71 million could yield nearly three times the initial stake. Its investment amounts range from $ 500,000 to $ 10 million.\n\n    \n  \n\n","author":15,"featured_media":11289,"comment_status":"open","ping_status":"closed","template":"","tags":[728,699,698,784],"location":[505],"class_list":["post-11963","news","type-news","status-publish","has-post-thumbnail","hentry","tag-bank","tag-economy","tag-news","tag-startup-2","location-africa"],"short_url":"https:\/\/bit.ly\/3fpTf7u","have_related_news":"done","chapo":"Tech start-ups are receiving significant attention from investors. The IFC is no exception to the rule. It could once again support the sector.","media":{"src":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2021\/03\/business-550x360.png","srcset":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2021\/03\/business-550x360.png 550w","sizes":"550px","alt":"","width":550,"height":360,"ratio":0.7,"credit_photo":""},"media-news-header":{"src":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2021\/03\/business-935x658.png","srcset":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2021\/03\/business-935x658.png 1170w","sizes":"1170px","alt":"","width":1170,"height":658,"ratio":0.7,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Africa : The World Bank wants to provide an additional $ 10 million for the benefit of start-ups - Ecomnews Afrique<\/title>\n<meta name=\"description\" content=\"The International Finance Corporation (IFC), the branch of the World Bank in charge of the private sector in developing countries, is considering a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ecomnewsafrique.com\/en\/2021\/05\/17\/africa-the-world-bank-wants-to-provide-an-additional-10-million-for-the-benefit-of-start-ups\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa : The World Bank wants to provide an additional $ 10 million for the benefit of start-ups - 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