UNDP Unveils 'timbuktoo' Initiative to Fund African Startups
The UN Development Programme launched timbuktoo at Davos, aiming to mobilise $1 billion to back Africa's startup ecosystem.
AfroEuropa Newsroom
AfroEuropa desk
The United Nations Development Programme (UNDP) has launched an initiative called "timbuktoo" alongside African governments, describing it as a facility built to bring catalytic and commercial capital together in support of the continent's startup ecosystem, according to Disrupt Africa.
The programme was presented during a special session at the World Economic Forum's 24th Annual Meeting in Davos, Switzerland. Rwandan President Paul Kagame, Ghanaian President Nana Akufo-Addo, African Continental Free Trade Area secretariat secretary general Wamkele Mene and UNDP administrator Achim Steiner introduced the effort.
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