UNDP launches “timbuktoo” financing initiative for African startups

The United Nations Development Programme (UNDP) has launched the “timbuktoo” initiative together with African countries, which it said is positioned to be “the world’s largest financing facility”, bringing catalytic and commercial capital together to support Africa’s startup ecosystem. President Paul Kagame of Rwanda, President Nana Akufo-Addo of Ghana, African Continental Free Trade Area secretariat secretary general Wamkele Mene and UNDP administrator Achim Steiner presented the initiative in