Nairobi is set to host entrepreneurs, investors and financiers next week in a move that will encourage entrepreneurship and provide opportunities for growth.
The Africa Finance & Investment Forum (AFIF) is an annual meeting for entrepreneurs, investors, financiers, market specialists, government representatives and policy makers working towards Africa’s growth & development.
“The Forum provides a 360° experience, which includes an exclusive workshop for entrepreneurs, a dynamic market place, tailor-made B2B meetings (for all participants, speakers and partners) and the EMRC-Rabobank Entrepreneurship Award to celebrate innovation and excellence,” said the organisers.
The Africa Finance & Investment Forum (AFIF), is an annual business platform initiated by EMRC in 2005 that aims to encourage entrepreneurship, promote the growth of SMEs (Small and Medium Enterprises) and attract the right investments to Africa.
“At EMRC we believe that SMEs are the key drivers for growth: In developed regions they are responsible for over 50% of GDP and over 60% of employment and economies across Sub Saharan Africa follow a similar model.”
One of the principal constrains to their growth, is a lack of access to finance. SMEs are situated in the “missing middle” category, the gap between microfinance and traditional financing.
Nairobi has become a choice host for key events especially in entrepreneurship underlining its rising significance and its entrepreneurial spark despite the cacophony of naysayers most of whom are Kenyans.
Those seeking microfinance are relatively well served, but Small and Medium sized enterprises (SMEs), which by their nature should contribute to a larger and more sustainable economic and social growth, lack not only the necessary capital, but also the institutional support.
To encourage SME growth in Africa, AFIF offers an interactive platform for the entrepreneurs making a difference, for the financiers already investing in Africa, as well as for the larger financial institutions and enterprises interested in accessing this growing market segment.
The event will take place at Strathmore University.
This year’s edition of AFIF will focus on entrepreneurship and innovation with an emphasis on access to finance in key sectors: energy, water, ICT, health, agriculture and agro-industry. A special attention will be paid to the role that Africa can have in embracing the 4th industrial revolution.