PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

602433

Primary Business Area

Other

Disclosure Date

May 1, 2018

Country

Uganda

Region

Africa

IFC Approval Date

Apr 30, 2018

Status

Completed

Estimated Total Budget

$500,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated Start Date

Apr 1, 2018

Project Estimated End Date

Jun 30, 2019

Project Description

IFC will be managing the delivery of a technical talent accelerator to be implemented by its client, Andela. Andela’s mission is to advance human potential by powering today’s teams and investing in tomorrow’s leaders. It helps leading global technology companies build high-performing engineering teams by investing in Africa’s most talented software developers. Backed by the Chan Zuckerberg Initiative, Google Ventures and Spark Capital, among others, Andela is catalyzing the growth of tech ecosystems across the African continent while solving the global technical talent shortage. Since 2014, Andela has since launched operations in Nigeria, Kenya, and is in the early stages of its expansion in to Uganda. It has received more than 75,000 applications and hired ~700 developers (as of April 2018) -- the majority of whom are working as full-time, distributed team members with leading tech companies around the world. Andela launched its operations in Uganda in June 2017. IFC will support Andela in enhancing development impact by accelerating its growth path in its third expansion market.

Development Results

E&S Risks / Impacts and Mitigation