UNDP’s ‘timbuktoo’ showcased at North Africa Startup Summit in Tunis
September 20, 2022
The United Nations Development Programme (UNDP) has partnered with AfricArena and other partners on the North Africa Startup Summit to create awareness and seek collaboration for its new startup ecosystem financing initiative, ‘timbuktoo’. The Summit was held from 30-31 August in Tunisia at the end of the Eight Tokyo International Conference on African Development (TICAD 8).
the German Agency for International Cooperation (GIZ)Summit
The ‘timbuktoo’ initiative aims to mobilize and invest one billion dollars of public and private capital over 10 years
Key discussions at the Summit focused on addressing challenges with startups funding and access to international markets. The speakers also urged startups to choose the right fund structure and leverage the opportunities presented by the African Continental Free Trade Area (AfCFTA) agreement to grow their businesses.
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