Africa innovation development requires integration of digital ecosystem and entrepreneurship skills. The World Bank supports the Global Entrepreneurship Network and the Business Angels Network in Botswana. The program brought together the global leaders and the local entrepreneurs to strengthen each other towards digital entrepreneurship in Botswana. The event follows the XL Africa competition acceleration program aimed at determining top 20 digital startups in the continent. The Pan-Africa competition demonstrated to the world that Africa is home to world-class digital entrepreneurship skills.
According to the World Bank Country Representative for Botswana, Xavier Furtado, Xavier said that the World Bank support facilitates learning digital entrepreneurship. Botswana’s digital entrepreneurs benchmarked with other leading ecosystems across Africa. The bank hoped that the initiative will create employment opportunities and star up economic diversification in the country.
The Founder of Ngwana Enterprises, Mooketsi Benedict Tekere noted that supporting African’s future investors and entrepreneurs will require coordinated entrepreneurial ecosystem. The Bank assumes that digital ecosystems will foster startups linkages within the continent and outside.
Relevant case studies indicated that most startup participants were exposed to tools and skills necessary for digital entrepreneurship. The World Bank support and dynamic ecosystem will enable locally based companies to spread the new digital technology across the world.