World Bank to roll out ICT incubators in other parts of Africa

Last Updated 14 years ago by Kenya Engineer

World Bank is now considering rolling out various ICT incubation centres in other parts of Africa after its success in Kenya. Two of the ICT incubation hubs in Kenya were set up by Nokia and infodev, a global partnership program in the Financial and Private Sector Development Network of the World Bank Group-to serve the growing technology community.

Speaking during the ongoing Open Innovation Africa Summit (OIAS) in Nairobi, infodev’s programme manager, Valerie D’Costa pointed that they were studying various incubation centres in Kenya with a view of replicating the same in other countries in Africa.

The innovation hubs are open space for the technologist, investors and technology companies. Through organized forums, the hubs link entrepreneurs with venture capitalists from across the world. They are aimed at building capacities and link entrepreneurs with venture capitalists.

The 3 day forum happening at the Nairobi Safari Park has attracted over 200 of Africa’s top policy makers, developers, entrepreneurs and private enterprises. The conference theme-Leadership in Innovation-focuses the spotlight on the leadership required to drive acceleration of African entrepreneurship and innovation, in order to reach ambitious targets for socio-economic development across the continent.

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