FINANCING entrepreneurial ventures is one of the key issues to feature prominently in the forthcoming maiden East African Business and Entrepreneurship Conference and Exhibition in Nairobi, Kenya.
EABC Executive Director Ms Lilian Awinja
said one year after the Global Entrepreneurship Summit, they realised
the need for a critical follow up on the actual tangible impacts of
initiatives like “Trade Africa” or “Power Africa”, that have come along
with large funds to promote entrepreneurship.
“This is why we will have two sessions
on the opportunities and experiences to access those funds and on the
requirements for other ways of financing,” she said.
Slated for October 10 to 13 in Nairobi,
the crucial conference is organised by the East African Business Council
(EABC) in partnership with the East African Community (EAC) respective
national investment agencies.
On the session, financial Institutions
such Kenya’s KCB Bank will elaborate on the key issues relevant for the
financing of entrepreneurial enterprises. EABC chief added: “This is not
on big funds and programmes only but also a chance to learn about
innovative sources like crowd funding, impact investment and other
incubator initiatives”.
The conference will also focus on
Manufacturing, infrastructure, leather and textiles and energy in
parallel sessions, Ms Awinja said.
The exhibition expects to pull some 300
participants from the infrastructure-, manufacturingand energy sector,
from ICT - and leather and textile industries, as well as from financing
institutions. “Important policy makers and top representatives of
relevant international organisations have committed themselves to
participate,” she said.
In the 2016 edition, the East African
Entrepreneurship Conference will be hosted in Kenya with KenInvest as
the national partner.
The investment agencies of the other EAC
Countries, namely Burundi Investment Promotion Authority (API), Rwanda
Development Board (RDB), Tanzania Investment Centre (TIC) and Uganda
Investment Authority (UIA) will present actual bankable projects.
Moreover, the Federation of German
Industries (BDI), the umbrella association of German industry, is the
key international partner, to bring a substantial and high-level
participation from Germany’s vast industrial sector
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