Connect with us

Africa

World Bank managing director of takes stock of E-Burkina project

Axel van Trotsenburg, the World Bank Managing Director of Operations, visited the KeoLid incubator in Burkina Faso. The purpose of visiting the KeoLid Innovation incubation center was to hear about digital entrepreneurial development and check three projects which were incubated there, such as Drone-Tech Africa, M-Score, and others. Trotsenburg was deeply impressed by what he saw.

Published

on

This picture shows two people using a laptop.

On the sidelines of his stay in Burkina Faso, the Director of Operations of the World Bank, Axel Van Trotsenburg, paid a visit on Wednesday, February 19th, 2020 to Ouagadougou, Burkina Faso, in particular to KeoLid Innovation, the main incubator of the E-Burkina project, which aims to promote the development of local skills and entrepreneurship in the digital economy.

After his audience with the Prime Minister, the Director of Operations of the World Bank, Axel Van Trotsenburg, paid multiple visits during his stay in Burkina Faso. That afternoon of Wednesday, February 19th, 2020, it was the KeoLid Innovation incubation center that received his visit. It was not about security this time, but rather about digital development, a sector that drives entrepreneurial development.

The Born2Invest mobile app lets users stay connected to the constantly changing business world in Africa and the rest of the world. The app tracks the latest financial headlines and sends alerts to its users.

KeoLid Innovation aims to promote entrepreneurship

KeoLid Innovation is a project incubator within the framework of the E-Burkina project, which aims to promote entrepreneurship in the digital economy with a special focus on agriculture and the rural sector.

KeoLID is a qualifying training and incubation center covering the entire digital industry. The company intends to actively contribute to the emergence of a real digital economy in Burkina Faso through training, innovation, and creativity.

During the visit, a sample of three projects currently being incubated at KeoLid Innovation was presented to the day’s hosts. Drone-Tech Africa, a project dealing with agriculture through technology, is led by Mahamat Issa Abakar and Kéren Sankara. This tandem specializes in mounting and assembling civil drones with sensors that are capable of simplifying the daily tasks of farmers. Currently, at 45% of their work, they need $9.715 (€9.000) to finalize their project.

SEE ALSO  US’ exit from nuclear deal to curtail Iran’s steel expansion goal

M-Score as an electronic registry

As for Roger Zoundi, he presented M-Score, an electronic registry that collects data from farmers to make it easier for them to obtain bank loans. According to him, only 17.14% of small farmers have access to agricultural credit. M-Score aims to be a solution for farmers.

“Rinondo,” which means “good food” in Mooré, is the project of Inès Bélemkoabga. The administrations and services of Ouagadougou lack canteens. This problem has become an opportunity for lady Bélemkoabga. Thus, she offers a service that will allow workers to order and have their food delivered “at the same restaurant price,” without having to travel.

A visit that “warms the heart”

Visibly touched by what he saw during the visit, Axel Van Trotsenburg said: “When I visit a project like this one, you can see the capacity in Burkina Faso, especially among young people, who have a lot of ideas and possibilities that need to be stimulated. For him, it is necessary to accompany the major development challenges. I’m thinking, above all, of poverty reduction and job creation. We also believe that we must support women in the economic field,” he said at the end of the visit.

According to the president of KeoLid Innovation, Lassané Ouédraogo, this visit warms their hearts and shows them that they need to go further, to work hard to deserve the trust that the ministry and the World Bank are offering them. “This visit has also made it possible to learn about the challenges to be met and to be able to direct their assistance towards Burkina, project holders and innovation spaces in Burkina,” he concluded.

SEE ALSO  Gold rallies against weak dollar

__

(Featured image by Code💻 Ninja⚡ via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in lefaso.net, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.

Philip Gregg is a tech biz writer, with a keen understanding of blockchain technology, Internet of Things, and cloud services. He also serves as chief consultant for an IT business in Washington and a cryptowallet startup in Tokyo. Philip holds an MBA in finance and has previously worked at a Silicon Valley company before striking out on his own. He is a dad to three German Shepherds and owns a sweet vintage Mustang he fondly calls Sadie.