The India-Africa Entrepreneurship Forum Is Coming To Kenya For Its Second Edition

By  |  June 4, 2022

In recent years, the historical connections between India and Africa have witnessed a much-need attempt at revival, with strong optimistic inclinations for a mutually beneficial partnership.

Over the last couple of years, particularly during the novel coronavirus pandemic, India has made moves which indicate its intention for the country to become Africa’s largest trading partner. 

India-Africa trade is a thousand-year-old activity, and economic ties between the latter and the former transcend the exchange of natural resources and valuable artefacts. As both regions’ technological advancements have fallen under global lenses, there perhaps is not a better time to bridge the gap between these two digital economies. 

With similar population counts (1.3 billion for India and 1.2 billion for Africa), opportunities exist in the possible intersection point between both regions. The 54 countries in Africa have a combined GDP of over USD 3.2 T, roughly the same as is obtainable in India. The continent’s economic development for 2022 is an estimated 3.2 percent, and is home to six of the fastest-growing economies in the world. 

On a mission to harness entrepreneurial capacities, accelerate investments, and strengthen trade ties, the second edition of the India-Africa Economic Forum (IAEF) is set to hold on the 1st and 2nd of July 2022 in Kenya. IAEF is a first-of-its-kind, not-for-profit entity that seeks to connect the entrepreneurial ecosystems of India and Africa. 

The first edition of the summit, described as a runway success, was held in 2019, with participants from 23 countries in Africa. The event was attended by over 200 participants.

The platform, which is organizing the summit in partnership with a consortium of investors, aims to build bridges between Indian and African entrepreneurs, exploring opportunities and promoting ecosystem collaboration. Ultimately, IAEF brings together investors from both regions, creating an investment corridor through which respective stakeholders can tap into valuable opportunities. 

The India-Africa summit is an avenue for young entrepreneurs and high-profile investors to discuss the possibilities and shortcomings that exist between both jurisdiction’s startups and markets. Along this line, ventures will actively look at aspect points such as international eCommerce, cross-border fintech, edtech, telemedicine and agritech. 

The India-Africa Entrepreneurship Forum has three major objectives:

  • Build bridges between Indian and African entrepreneurs.
  • Organize meetings and Focus Groups to encourage entrepreneurs on both continents to explore opportunities of mutual interest.
  • Help forge joint ventures and business partnerships for both capital and market access.

As long-standing, committed and active participants in the burgeoning African tech ecosystem, WeeTracker Media Inc is the official media partner of the India-Africa Entrepreneurship Forum. We are joining the cause having picked up on the synergies in the continent, and we believe that we can give a credible voice to Indian and African tech startups. As partakers of ecosystem development, WeeTracker would help enable conversations and provide a relevant audience to both parties.

The summit is also partnering with leading organizations on the landscape, including the African Business Angel Network, Mauritius Africa Fund, Launch Africa Ventures, Indian Angel Network, and Startup India. 

The Second India Africa Entrepreneurship and Investment Summit feature a diverse and nimble suite of programming that is accessible to entrepreneurs and includes events, delegations, training, collaborative business incubation, and bilateral funds. Facilities for web conferencing and video links will be made available for easy access and mediated interaction between participants wherever and when required.

As aforementioned, the summit will hold on the 1st and 2nd of July, 2022, and will be hosted at the Sarova Panafric Hotel in Nairobi.

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