Mr. Malick Ba has joined Arctern to establish a business incubator in Dakar, Senegal.
According to VC4A Senegal has arguably the most mature startup ecosystem in Francophone Africa, a hub for the region and emerging regional venture capital industry.
This growth has been driven by:
i) a strong effort from the private sector to organize through associations,
ii) investment from corporate Senegal in accelerators, incubators and innovation programs,
iii) funds available for skill development, enterprise development and supplier development of SMEs,
iv) investment from government (local and international) in innovation funding, and
v) a growing community of successful investors, entrepreneurs, and growing track record of exits.