EBRD and IFC launch initiative to strengthen start-ups in North Africa

July 3, 2023
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The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC), a member of the World Bank Group, are joining forces in an initiative that aims to strengthen their support for early-stage enterprises and accelerators in North Africa.


The initiative aims to deliver a higher level of integrated support for start-up development and the start-up ecosystem in North African countries where the two institutions invest. Capitalising on the two institutions’ specialised programmes – the EBRD Star Venture programme and the IFC Startup Catalyst – the goal of the new initiative is to create synergies and boost the development impact of the two programmes by addressing the challenges that exist in the early-stage space and by making North African start-ups more commercially sustainable and successful.


Under the initiative, a pilot project will be rolled out in one North African country, then expanded across the region.

For more information

Countries covered:

  • Algeria
  • Egypt
  • Morocco
  • Tunisia