World Bank Supports Young Digital Entrepreneurs in Botswana

World Bank Supports Young Digital Entrepreneurs in Botswana

GEN AFRICA | FEBRUARY 27, 2018

GABORONE, February 21, 2018 — Digital ecosystems and entrepreneurs are essential to innovation and development in Africa. With support from the World Bank, the Botswana Business Angels Network and the Global Entrepreneurship Network in Botswana brought together local entrepreneurs and global thought leaders to share knowledge and strengthen the operating environment for digital entrepreneurs in the country.

The workshop built upon the recent XL Africa competition, a pan-African acceleration program to find the 20 most promising digital start-ups in Africa and demonstrate that Africa can produce world-class digital entrepreneurial talent.

GABORONE, February 21, 2018 — Digital ecosystems and entrepreneurs are essential to innovation and development in Africa. With support from the World Bank, the Botswana Business Angels Network and the Global Entrepreneurship Network in Botswana brought together local entrepreneurs and global thought leaders to share knowledge and strengthen the operating environment for digital entrepreneurs in the country.

The workshop built upon the recent XL Africa competition, a pan-African acceleration program to find the 20 most promising digital start-ups in Africa and demonstrate that Africa can produce world-class digital entrepreneurial talent.

“The World Bank supported today’s event to help ensure that Botswana’s digital entrepreneurs are able to learn lessons from other ecosystems across Africa,” said Xavier Furtado, World Bank Country Representative for Botswana. “We hope that, over time, this can help address Botswana’s pressing youth unemployment challenge while also contributing to national economic diversification.”

Through relevant case studies, participants were exposed to methods and tools to help accelerate digital entrepreneurship. With a supportive and dynamic ecosystem, local digital technology companies can spread new technologies across Botswana and abroad.

“Today’s event indicates that supporting Africa’s next generation of entrepreneurs and investors requires a thriving and connected entrepreneurial ecosystem,” said Mooketsi Bennedict Tekere, Founder of Ngwana Enterprises. “Over time, we hope that the digital ecosystem will attract and link digital startups, more mature entrepreneurs, and impact entrepreneurs from Botswana with potential investors across the continent and beyond.”

Contacts:
In Gaborone: Oarabile Minky Matebejane, +267 76555663, omatebejane@worldbank.org
For more information about the World Bank’s work in (Botswana) visit:
http://www.worldbank.org/en/country/botswana
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GEN Algeria disrupts entrepreneurship Education

GEN Algeria Disrupts Entrepreneurship Education

GEN AFRICA | FEBRUARY 27, 2018

ELIP Grand Opening Ceremony

Start, Launch, Connect, Accelerate and Win are the 5 pillars of the Entrepreneurship, Leadership and Innovation Program (ELIP) launched on the 20th of February 2018, by GEN Algeria, in partnership with the US-MEPI – Middle East Partnership Initiative.

Designed by Fatiha Rachedi, the ELIP is an eighteen month program that aims to cover every step of a startup learning journey with ELIP Start, ELIP Launch, ELIP Connect, ELIP Accelerate and ELIP Win. Each step responds to different needs and requirements and aims at taking participants from idea stage to startup creation and acceleration, assisting  in establishing a strong growth strategy and a solid network of mentors for maximum impact.

GEN Algeria will empower the selected 1,200 students, aged between 18 and 24 years old, guiding them through a unique entrepreneurial experience in over 20 campuses around the country. Not only does the program aim to teach required skills, it also focuses on bringing necessary cultural changes and advocating for a new way of integrating entrepreneurship curricula in higher education.
Thirty local leaders participated in the ELIP training of trainers, to discover the best processes and tools used to guide aspiring entrepreneurs through the acceleration programs. The workshop was lead by a team of four international coaches -Andre Abi Awad, founder of Entreprenergy, Fredell Jacobs Chief Startup Officer at Startup Support South Africa, Olesea Fortuna President of GEN Moldova and Henrik Scheel, CEO of Startup Experience.

Over the next eighteen months, a jury will select the best few for one-on-one coaching, access to knowledge and resources. The best startup ideas will get continuous mentorship, connections to a network of local investors and extensive support and guidance.

The focus is not only to develop the skills, knowledge, and attitude necessary to achieve the goals students have set out for themselves, because these aspiring entrepreneurs will be motivated to take action and execute. It is for GEN Algeria to be a catalyst for the next generation of entrepreneurs, assist in building successful ventures and showcase success stories to inspire solve local problems.

GEN Algeria’s overreaching vision is to make entrepreneurship education and experiential learning a basic feature in Algeria’s education system by encouraging creative thinking and promoting a strong sense of self-worth, entrepreneurship initiative and resilience.

For more information: http://elipalgeria.org/

https://www.facebook.com/EntrepreneurshipLeadershipInnovationProgram

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GEC 2018 Istanbul

GEC 2018 ISTANBUL

GEN AFRICA | FEBRUARY 27, 2018

The Global Entrepreneurship Congress every year gathers together thousands of entrepreneurs, investors, researchers, policymakers and other startup champions from more than 170 countries to identify new ways of helping founders start and scale new ventures around the world. At the weeklong GEC, delegates make connections, gain insights, learn about new research, and leave ready to renew their programs, policy ideas or firm founder skills.

Register to attend the GEC 2018 in Istanbul, Turkey — a thriving startup hub that is both an economic and cultural cornerstone of Europe and Asia.

For more info: https://genglobal.org/gec

Issued by GEN AFRICA
Enquiries: Alesimo Mwanga, Research Director – 22 on Sloane and SEA Africa
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GEN’s 22 ON SLOANE to launch innovative startup huddle programme

GEN’s 22 ON SLOANE TO LAUNCH INNOVATIVE START-UP HUDDLE PROGRAMME

KIZITO OKECHUKWU | FEBRUARY 27, 2018

The path of entrepreneurship is often mired in difficulty and uncertainty, as unexpected challenges arise and tough decisions need to be taken. With this in mind, the Global Entrepreneurship Network (GEN) has developed its 22 ON SLOANE ‘Start-up Huddle’, a programme designed to educate, engage and connect entrepreneurs globally.

Starting on Thursday the 8th March 2018, 22 ON SLOANE will host weekly huddles every Thursday thereafter. Here, entrepreneurs can gather, share experiences, reveal challenges and crowdsource solutions. Fledgling start-ups are also invited to present their business concepts to a diverse audience of their peers, as well as mentors, educators, and advisors for six minutes, followed by a 20 minute Q&A session with the audience.

The global culture and premise of a start-up huddle is to create a supportive, neutral and comfortable space, which welcomes entrepreneurs to be totally transparent about their businesses and the challenges they face. With local founders, innovators, educators and investors present, as well as a global network of entrepreneurial leaders, this weekly event provides a unique, interactive and collaborative platform to strengthen the start-up community and help sustain its success.

The 22 ON SLOANE Start-up Huddle theme for March will focus on discussions that will be held at the upcoming 2018 Global Entrepreneurship Congress (GEC), which takes place in Istanbul, Turkey, a thriving start-up hub that is both an economic and cultural cornerstone of Europe and Asia.  Although 22 ON SLOANE will be sending a few start-ups to attend the congress, the huddle provides an invaluable opportunity for start-ups that cannot attend to still be a part of the conversations.

Every year, the GEC brings together thousands of entrepreneurs, investors, researchers, policymakers and other start-up champions from over 170 countries to identify new ways of helping founding entrepreneurs start and scale their new ventures. At the week-long GEC, delegates can network and make new connections, gain insights, access the latest research and leave ready to renew their programmes, policy ideas and founder skills.

Leading the Start-up Huddle initiative is Ms Alesimo Mwanga, Research Director at 22 ON SLOANE, who says that aspiring and existing entrepreneurs have a lot to benefit from the huddles. “Our first huddle looks into the trends and opportunities of lifestyle innovation. As Africa emerges as the next big market, with a population of over 1 billion, there is an abundance of exciting opportunities for lifestyle entrepreneurs.”

Innovative technology entrepreneurs Enrico Ferigolli, co-founder of Bottles and Loyiso Vatsha, co-founder of the Mapha Food Sharing app, will be sharing insights, trends and opportunities. Joining these two dynamic start-ups are Andrew Le Roux, Chief Business Transformation Officer at MMI Holdings and Jeremy Bauman, Senior Consultant of Early Stage Financing at World Bank.

For more information and to register for the Start-up Huddle visit www.22onsloane.co

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Kizito Okechukwu, Co-Chair Global Entrepreneurship Network (GEN) Africa – 22 on Sloane and Executive Head SEA Africa

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GEN Nigeria Inaugural Advisory Board Meeting

GEN Nigeria Inaugural Advisory Board Meeting

GEN AFRICA | FEBRUARY 26, 2018

GEN Nigeria held its first inaugural advisory board meeting chaired by the honorable minister of state for industry, trade and investment.

Olawale Anifowose, managing director presented the GEN Nigeria 2018 objectives aimed to strengthen the ecosystem which included providing access to markets for 100 Nigerian ready entrepreneurs through attendance at the Global Entrepreneurship Congress in Istanbul in 16-19 April, 2018.

For more info: https://genglobal.org/global-entrepreneurship-week-kosovo-cyprus-moldova-germany-nigeria-turkey/gen-nigeria-inaugural

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World Economic Forum (WEF) 2018

World Economic Forum (WEF) 2018

GEN AFRICA | FEBRUARY 06, 2018

Tebogo Mosito – Co-Founder of Ditsogo Projects

During the 2018 World Economic forum (WEF) annual meeting held in Davos, KMPG sponsored the #FutureIsInclusive series of female leaders around the world sharing their thoughts and vision of a shared future for all.

According to the WEF2017 “Global Gender Report Gap” it could take 100 years to close the global gender gap. By aiming to close the economic participation gender gap to 25% by 2025, this could contribute almost $5.3 trillion to the world GDP. The 2017 report further suggests on average, nations had closed 58% of their economic gender gaps in 2017, down from 59% in both 2016 and 2015. In Africa, Burundi was a top performer by this measure, having closed 91% of its economic gender gap, while Barbados, the Bahamas, and Benin came second (88%), third (87%), and fourth (86%) respectively.

Tebogo Mosito, Co-Founder of Ditsogo Projects and 22 ON SLOANE resident, contributed to the #futureIsInclusive campaign, sharing her journey alongside distinguished global female leaders to address the global phenomenon of gender inequality from different walks of life. “Being part of the women’s voice campaign in Davos, created a wonderful platform to share my story with the rest of the world and build global networks with remarkable leaders across different sectors.”

Born in a rural village of Maile-Rooikraal, in Rustenburg, North West and a mother of four children, she has broken barriers within a male-dominated industry. Ditsogo Project founded in 2012 is one of a few black female-owned metal engineering companies, making an annual turnover of R10,8 million and creating employment in rural communities. Mosito says it’s very rare for women to venture into businesses and hopes her story will be inspiring to others. “My experience in Davos has taught me the importance of networking and exposure. In Africa, women need to collaborate more, share information and knowledge to support personal growth that enables access to market opportunities.”

It is estimated that women-owned businesses account for over one-third of all firms, and they are the majority of businesses in the informal sector in African countries. Various studies, therefore, suggest that gender inequality plays a significant role in accounting for Africa’s poor growth and poverty reduction performance. A recent review of available evidence indicates that gender inequality in education may limit growth; that inequalities in access to land and productive inputs reduce agricultural productivity, investment, and modernization; and that inequalities in time burdens, alongside high demographic growth rates, all contribute to reducing women’s ability to participate effectively in, and to benefit from, economic growth.

Over the past eight years’ she not only completed several international entrepreneurship programmes such as the “Global Women Entrepreneurs Fellowship, Atlanta”, received awards and achieved various accolades such as; Ernst and Young 2014 Entrepreneurial Winning Women Award, Forbes 20 Young Power Women in Africa (2012). She has also participated in various advocacy forums to improve equality through various global forums to address challenges of unemployment in rural communities.

Moving forward, she plans to grow the business further, partner with academic institutions to improve skills and development and address unemployment amongst women in rural communities. “Our long-term goal is to expand our business into African markets. I look forward to more exciting opportunities in 2018 and believe being a resident at 22ONSLOANE will contribute towards accelerating my business even further.”

For more about the KPMG #FutureIsInclusive series watch: Women’s Voices

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Alesimo Mwanga, Research Director – 22 on Sloane and SEA Africa

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Which type of entrepreneur helps boost Africa’s prosperity more?

Which type of entrepreneur helps boost Africa’s prosperity more?

KIZITO OKECHUKWU | FEBRUARY 07, 2018

GEN 2017

Africa is progressively taking ownership of its position on the global stage as a continent of growth and business opportunity, which will be exploited by African start-ups over the next decade, resulting in more much-needed jobs and prosperity.

However, there has been an ongoing debate on the type of entrepreneur that primarily drives economic prosperity. According to the Global Entrepreneurship Monitor, which SEA Africa co-authors, economic growth is not driven by necessity-driven entrepreneurs, who decrease in number as the economy develops, but rather through opportunity-driven entrepreneurs, who launch new enterprises in response to market needs.

Yet, it has become evident that the culture of entrepreneurship in Africa is now largely defined by necessity-driven entrepreneurship, i.e. those venturing into entrepreneurship as a means of survival and viewed as a last resort, as opposed to the pursuit of an opportunity or aspiration. On the continent at large, necessity is the mother of invention. Reusing and recombining is a way of life and, in many cases, the lack of infrastructure, even old infrastructure, gives us a ‘clean slate’ for identifying and developing new solutions.

Responding to these challenges, Africa’s entrepreneurs have begun contributing with a host of cutting-edge, innovative products and services to their respective economies, enabling them to leap forward in fields such as mobile and information technology, agriculture, transportation, healthcare and other key industry sectors, which include food, fashion, music and art, to make a decent living, as often highlighted in CNN’s popular regular television insert ‘African Voices’. In addition, the constant lack of jobs and the high rate of unemployment also sees job seekers seeking entrepreneurial opportunities right in their backyards, so to speak.

A study released in June 2015 by Approved Index, a UK-based business networking group, ranked Africa in the top tier of the entrepreneurship chart. As a testimony to the continent’s rising status, Entrepreneurship around the World report listed Uganda, Angola, Cameroon and Botswana among the top ten on the entrepreneurship list. The group views entrepreneurship as a ‘necessity’ at a time of high unemployment, saying, “When unemployment is high and the economy is weaker, people are forced to start small businesses to provide for themselves and their families.”

As I travel from Nairobi to Lagos or from Dakar to Kigali, a feeling of optimistic exuberance and pride wells within me, as I see many African-inspired institutions begin to bloom. The collapse of the commodity boom has pushed – if not forced – our countries and their citizens to invent other home-grown ways to survive and become more self-sufficient because benefits like unbridled imports are no longer sustainable. I truly sense that this is the dawning of a new African revivalist renaissance, one which will help transform many of the continent’s economies by the sheer power of their entrepreneurs.

Now to fully grasp this economic shift and the enormous positive impact it may have, we need to reflect on exactly how it developed. In the peak of the Great Recession, most African professionals who were based in the U.S. and Western Europe, returned to their native countries after being retrenched, armed with top-notch technical skills, managerial experience and established international networks. But because they faced limited job prospects back in Africa, due to the recession’s decimation of the stock markets and businesses, many of these individuals ventured into successful entrepreneurial activities using their invaluable business skill-sets attained abroad. So how can it be surmised that these necessity-driven entrepreneurial Diasporas contribute very little to lift their economy?

It simply can’t be. With the abovementioned historical facts established, these necessity-driven entrepreneurs contribute immensely to their country’s prosperity, if not more so than their opportunity-driven counterparts.

Yes, necessity-driven and opportunity-driven entrepreneurs differ in many of their characteristics, such as their socio-economic profiles. Also, the motivation to get involved in entrepreneurial activity arises from diverse sources and influencing factors. Moreover, the life cycle and the determinants of success of the entrepreneurial venture in both cases cannot be compared.

All this has important consequences for policymaking because measures and programmes to stimulate necessity-driven entrepreneurship do not necessarily benefit opportunity-driven entrepreneurs. This factor is something ecosystem stakeholders should take into careful consideration when debating strategies to improve entrepreneurial activity and development in Africa.

In November last year, we launched a Global Entrepreneurship Network (GEN) Africa initiative called 22 on Sloane, which is the largest, most innovative start-up campus on the continent. Over the past few months, I have engaged with over 100 start-ups at 22 on Sloane – representing a healthy mix of necessity-driven and opportunity-driven entrepreneurs. Both sides of these self-starters share the same strong entrepreneurial characteristics, such as commitment, passion, agility, versatility, creativity and open-mindedness.

With this in mind, I am totally confident that Africa’s necessity-driven entrepreneurs can – and will – play a pivotal and more prominent role in mapping a brighter future for our continent.

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Kizito Okechukwu, Co-Chair Global Entrepreneurship Network (GEN) Africa – 22 on Sloane and Executive Head SEA Africa

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Dr. Pali Lehohla, former Statistician General of South Africa joins 22 ON SLOANE

Dr. Pali Lehohla, former Statistician General of South Africa joins 22 ON SLOANE

GEN AFRICA | FEBRUARY 06, 2018

Dr. Pali Lehohla, Research Resident Advisor: 22 ON SLOANE
Photo Credit: Times LIVE

Former Statistician General, Dr. Pali Lehohla, joins 22 ON SLOANE as a Research Resident Advisor from the 1st of March 2018. Dr. Lehohla was at the helm of Statistics South Africa for almost seventeen years. At 22 ON SLOANE, his role will include, but not limited to:

  • Train, guide and mentor the team of researchers working with startups at Sloane
  • Co-author an annual research on the state of entrepreneurship in Africa with the team at Sloane
  • Support the research team at Sloane in their work with various private and public sector on the African continent
  • Host Masterclass session with the startup residents once a month looking at data and trends in their various sectors

Speaking from his office at 22 ON SLOANE, Dr. Lehohla expressed his excitement in coming into the campus.

“I am very thrilled to be here. I am not a businessman but I think I can help business people with information that will help them thrive. The vibrancy and energy in this environment is addictive and I look forward to engaging young people in this space and adding as much value as I can”.

Jonathan Ortmans, president of GEN, said, “Dr. Pali Lehohla not only possesses a great deal of knowledge of the underlying factors challenging the growth of new businesses, but it was clear to me the first time we met that he has an extraordinary, almost magical talent for communicating it in a way relevant to those looking to start and scale. Engaging him as a mentor to startups while contributing to research being conducted by our team at 22 ON SLOANE is further proof that Kizito Okechukwu, co-chair of GEN Africa, is already making tremendous strides in supporting the spread of entrepreneurship throughout the continent.”

Minister of Small Business Development, Ms. Lindiwe Zulu, described the appointment of Dr. Pali Lehohla as good news for all entrepreneurs in South Africa and the entire continent. “I am confident that entrepreneurs will benefit enormously from his sharp intellect and extraordinary ability to utilise data as a tool of planning and decision-making. We are confident that effective use of information and research will ultimately contribute to the growth, sustainability and success of emerging enterprises”, said Minister Zulu.

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WhereIsMyTransport & Facebook for Developers to host The CONNECT Series of Hackathons in five cities across Africa

WhereIsMyTransport & Facebook for Developers to host The CONNECT Series of Hackathons in five cities across Africa

GLOBAL ENTREPRENEURSHIP NETWORK | FEBRUARY 06, 2018

WhereIsMyTransport has partnered with Facebook for Developers to host the ‘CONNECT Hackathon Series’, with the first event taking place at GEN’s 22 on Sloane Campus in Johannesburg. Hosted across four additional cities including Kampala, Dar es Salaam, Kigali and Nairobi, the CONNECT series brings together diverse developers and startups looking to build innovative location-aware applications to address the challenges and opportunities of moving people and goods in the region’s cities.

In Johannesburg, Facebook and WhereIsMyTransport provide access and expertise to help participants build mobile solutions that combine the Facebook Places Graph API and the WhereIsMyTransport Public Transport API. In all the cities across the region, the CONNECT series partnered with local hubs of innovation, like 22 on Sloane, and local Developer Circles from Facebook – the company’s program to support communities of people passionate about technology, sharing ideas, learning, and collaborating.

The winning team was awarded $1000 USD, with second and third place winners provided with $500 each in Facebook advertising credits. Additionally, all three teams will be provided with a year’s worth of free access to the WhereIsMyTransport Public Transport API.

Commenting on the CONNECT Hackathon series, Marsh Reddy, Platform Evangelist from WhereIsMyTransport said: “I think we have put together something really special for the Gauteng. Digitalising public transport routes in the region allow for local talent to build solutions that help citizens directly. We’re looking forward to seeing what gets built.”

Proud Dzambukira, Strategic Partner Manager Platform Partnerships; Sub-Saharan Africa, Facebook, added: “Facebook is defined by its hacker culture, and we’re excited to be partnering with WhereIsMyTransport to bring this hackathon series to the developer community. Efficiently moving people and goods between places is a fundamental problem that a number of startups are solving for cities in the region. Our platform can help add significant value to that work and we’re eager to see the innovative solutions which will be created for these events.”

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