The Africa Entrepreneurial Ecosystem: September 2016

This bulletin is courtesy of Kalilou DAMA, Consultant, YES Inc MALI

POLICY

UNITED NATIONS: UN Conference on Trade and Development (UNCTAD) event “Empowering SMEs through e-Trade and Investment Facilitation” held on September 20 at the UN in New York

UNCTAD: on September 21 Jack Ma, one of the world’s leading entrepreneurs and founder and executive chairman of Alibaba Group, has been named special adviser to UNCTAD for Youth Entrepreneurship and Small Business.

WTO: From 19 to 23 September 2016, 30 government officials took part in the second WTO Advanced Course on Trade in Services at the WTO’s headquarters in Geneva.

AFRICA – JAPAN: at TICAD Nairobi 2016, AfDB and Japan Announce US $3 Billion Private Sector Development Initiative which will be implemented during the next three years,

AFRICA -NORWAY: The government of Norway has donated nearly CHF 3.5 million to various WTO trust funds to help developing and least-developed countries (LDCs) participate in multilateral trade negotiations, access agricultural markets and implement the WTO’s Trade Facilitation Agreement (TFA).

AFRICA -USA: on September 21 the USDA announced the availability of Facility Guarantee Program to finance infrastructure projects that facilitate agricultural trade for the benefit of African consumers and American producers

AFRICA – USA: Jay Ireland, President & CEO of GE Africa was named as chair of the second President’s Advisory Council on Doing Business in Africa (PAC-DBIA) by U.S. Secretary of Commerce

AFRICA: The International Monetary Fund (IMF) launched on August 29, 2016 a three-year capacity development project to improve the external sector statistics in Central and West Africa. Introduced at the African Training Institute (ATI) in Mauritius

COTE D IVOIRE – USA: on September 14 President Obama terminated the national emergency declared with respect to Côte d’Ivoire in Executive Order 13396 of February 7, 2006, and lifted the economic sanctions imposed pursuant to that Order.

MALI: On August 31 Mali Government settled the national ICT Policy making and monitoring Office

SENEGAL – WTO: on late August,Senegal and Uruguay have ratified the WTO’s Trade Facilitation Agreement (TFA). The submission of the instruments of acceptance means that nearly 85 per cent of the ratifications needed to bring the TFA into force have now been received.

PRIZES

  • The HiiL Justice Accelerator, together with the Ford Foundation, has announced the 36 finalists for its Innovating Justice Challenge, which will showcase SME empowerment and family justice solutions in the East and West African region..
  • Five startups were named winners of early September’s DEMO Africa event in Johannesburg, South Africa, earning the opportunity to join the DEMO Africa LIONS programme in Silicon Valley later in the year
  • Two Enterprises from Western Africa ( Ignitia from Ghana and ProtERA Farms from Mali) have been selected to attend ACCELERATE 2030 event on October 6.
  • The sixth edition of the Innovation Prize for Africa ( IPA), running for three months from 27 September 2016 through to 3 January 2017 Africa’s top innovators win a grand share prize of US$150 000 plus attractive entrepreneurial opportunities for nominees and other qualifying participants.

INDUSTRY

WESTERN AFRICA CONCERN

AFRICA UNION COMMISSION: On September 15, the AUCorganised an ”African Fashion Reception”; a Pan-African initiative that seeks to build bridges by creating free trade and partnerships among Africa’s fashion practitioners.

AFRICA: Pan-African tech hub network AfriLabs has confirmed its annual gathering will take place in October in Accra, Ghana, aimed at allowing representatives of the African innovation ecosystem to share ideas.

AFRICA: The partner companies Questra World and Atlantic Global Asset Management (AGAM) enter African market this year. AGAM prepares companies for IPO, supports start-ups, buys and sells real estate

AFRICA:The 8th annual Africa Public Private Partnership Conference and Showcase will take place in London from 24-26 October 2016

AFRICA: African Talent Fair, University of Fribourg, 10 November 2016

AFRICA: Facebook is supporting and sponsoring She Leads Africa anAfrican enterprise and women’s business-focused movement, to help ensure female entrepreneurs and professionals across the world unlock their full potential.

AFRICA- USA: From September 4-11 the Corporate Council on Africa Trade Mission in Angola and Namibia

AFRICA – USA: the 11th Presidential Forum on Africa brought together on September 19 tourism leaders from across Africa to spotlight the importance of innovation, entrepreneurship and technology in impacting tourism growth.

AFRICA – USA: On September 20 held in New York Private Sector sessions on AGOA.

AFRICA – USA:The Corporate Council on Africa’s 2016 U.S.-Africa Infrastructure Conference in New Orleans on October 16-18, 2016

AFRICA – SINGAPORE: Africa Singapore Business Forum held on late August in Singapore

AFRICA – SWIZERLAND: AFRICA BUSINESS DAY, the annual platform for business between Switzerland and Africa, held on 5 October 2016 at Endress+Hauser in Reinach (near Basel)

WEST AFRICA: With the recent receipt of Electronic Money Establishment licenses (EME) in four countries (Senegal, Mali, Côte d’Ivoire and Guinea), Orange created a new organization, CECOM,

WEST AFRICA: Impact investing pioneer Root Capital announced on September 8 at the African Green Revolution Forum a new partnership with The MasterCard Foundation that will help raise incomes for over 300,000 smallholder farmers in West Africa.

WEST AFRICA: UK Representatives from energy, infrastructure and education & training companiesparticipated in the Department for International Trade (DIT) London trade mission to Nigeria and Ghana, taking place 25-30 September 2016

GHANA:Ghanaian startup Landmapp, is expecting to triple its revenues once the harvest season begins in October

GHANA: Emerging Ghanaian patient capital firm Orios Capital is raising a US$1 million fund, in a bid to bridge the startup funding gap in Ghana, and across West Africa

MALI: On September 24 held at the Business Incubation Space in Bamako habeen launched the 5th intensive Entrepreneurship Trainings for Women and Young people. Those trainings are powered by YES Inc MALI in partnership with Mali Government. Over 1000 people will receive Entrepreneurship Skills

NIGERIA: Ghanaian startup Beavly, which provides an online marketplace connecting those that want to learn about a topic with top professionals, is set to expand to Ghana and Latin America after strong uptake and obtaining the support of Start-Up Chile

NIGERIA: 12-14 October, Annual Powering Africa: Nigeria Investment Summit

NIGERIA: Nigerian e-health solution Curacel Health has been selected to take part in Start-Up Chile’s S Factory accelerator, aimed at supporting first-time female entrepreneurs.

NGERIA: The third edition of the African Angel Investor Summit , in November

NIGERIA: The 2nd AFrica Women Innovation and Entrepreneurship Forum 22- 23 September, Lagos

NIGERIA: On late August Facebook CEO Mark Zuckerberg visited Nigeria on his first trip to Africa,

NIGERIA: Standard Bank partnered with international news and events provider TMT Finance for the inaugural TMT Finance Africa in Lagos2016 Conference held on September 20

ELSEWHERE ACROSS AFRICA

CAMEROON: on September 14 Cameroon Minister of Finance stated about the ending of Commercial Bank special management statussettled on early September by Central African States Bank Commission

DJIBOUTI: on September 5 Djibouti joined the Afreximbank

EGYPT: “The Angel Ticket” event on September 27 – co-hosted by GIZ -, with two panel discussions

EAST AFRICA – USA: On September 20th, U.S. Department of Commerce Secretary Penny Pritzker chaired a roundtable with East African Heads of State and CEOs focused on advancing regional economic integration and opportunities in the travel and tourism, agribusiness technology, and infrastructure sectors.

EAST AFRICA: Gulf Petrochem is looking to heavily invest in east Africa for the acquisition and building of terminals in the region.Thangapandian Srinivasalu, Executive Director at Gulf Petrochem is speaking at the 7th Argus Middle East Gulf and Indian Ocean (AMGIO) Oil Products Conference on 24 – 25 October 2017, in Dubai

RWANDA: The Africa Hotel Investment Forum to be held in Kigali, on 4-6 October 2016.

SOUTHERN AFRICA: The European Parliament approved an agreement granting duty-free access to the EU for products from Namibia, Mozambique, Botswana, Swaziland and Lesotho, and improved market access for South Africa on September 14

KENYA On August 28, 2016, ‘Agreement between the Government of Japan and the Government of the Republic of Kenya for the Promotion and Protection of Investment’ was signed

KENYA: Green Revolution Forum held on September 6 in Nairobi

KENYA: the launch of the inaugural Africa Health Business Symposium, set to take place on 6th-7th October 2016

MAURITIUS: The Mauritius Commercial Bank Group hosted 40 top executives representing 40 African banks at the week-long 2016 Africa Forward Together conference which opened on September 20

MORROCO: International Conference on Single Windows held in Marrakech 5-7 September

MORROCO: Morocco’s Credit Agricole gets government approval to create an Islamic subsidiary with IDB

MOZAMBIQUE: Richard Benyon visited Maputo from September 12- 14for a journey focused on boosting trade relations between the UK and Mozambique and creating opportunities for UK businesses to strengthen their knowledge of the growing commercial opportunities in Mozambique.

SOUTH AFRICA: Stellenbosch-based bitcoin bounty startup Custos Media Technologies has raised another round of funding, this time from South Africa’s Technology Innovation Agency (TIA), which will provide an injection of ZAR5.9 million (US$420,000) into the startup over the next two years

SOUTH AFRCA: Investec, in partnership with En-novate, is to take a group of South African ed-tech entrepreneurs to Helsinki, Finland, to help them learn about the country’s approach to education, entrepreneurship and technology

SOUTH AFRICA: on August 30,the Select Committee on Trade and International Relations has called on the Department of Trade and Industry (Dti) to find creative ways of enhancing the manufacturing sector including the use of alternative energy sources

SOUTH AFRICA: September 23-25 The Entrepreneurial Learning Initiative visited the Allan Gray Orbis Foundation in South Africa and provided Ice House Facilitator Training to the Foundation’s staff as well as a half day workshop for the Foundation’s Circle of Excellence Principal’s Conference.

TANZANIA: From September 6th to September 9th, 2016 a German business delegation from the State of Rhineland-Palatine visited Tanzania to explore business opportunities with Tanzanian companies and government authorities

TUNISIA: Tunisia’s parliament approved on September 17 a long delayed law to attract foreign investment, which fell sharply after the uprising in 2011, in a key reform demanded by international lenders. Thenew law gives foreign investors more flexibility to transfer funds, including profits, out of the country, and removes tax on profits of major projects for 10 years.

TUNISIA: international conference in November, offering incentives to draw in new investors to projects in Tunisia.

ZAMBIA: The ZamReal Property Forum being held on September 28that the Radisson Blu

Kalilou Dama

Kalilou Dama
YES Inc MALI
517, Rue 136. Korofina Nord, Bamako, Mali
Tel: +223 66748807
E: kaliloudama@yahoo.fr