ScaleUp Africa organized the IGNITE Entrepreneurship Growth Festival, Africa’s first-ever virtual business conference which took place almost earlier this month. This became the most significant stakeholders’ conference in the Africa-Diaspora entrepreneurship ecosystem. Scale Up Africa is a market consultancy and service organization. It seeks to provide Black and African businesses with more significant and longer-term funding. ScaleUp Africa funds about 400 enterprises with sales of $1 billion. Entrepreneurship is a crucial leadership aspect that gives absolute autonomy to financial freedom.
“I applaud ScaleUp Africa for their efforts and for mastering technology so well to pull off an event of this caliber and global reach,” expressed Teresa Clarke, Chair and Chief Executive Officer of Africa.com during the opening keynote address.
IGNITE has drawn over 3000 leading businessmen, market development consultants, investors, performers, and inventors from North America, the Caribbean, Europe, and around the African continent. The event hosted foreign investors.
ScaleUp Africa: IGNITE Entrepreneurship Growth Festival Highlights
The well-received festival featured seasoned specialists from various fields and had over 40 virtual panels, exhibitions, discussions, presentations, and performances from renowned artists. It outlined bottom-up policy structures, infrastructure, forestry, innovative enterprises, market prospects, and perspectives. It was all accompanied by African brands. The event became an avenue to regional talks in Africa and the Diaspora to close the racial wealth gap.
Besides the need to incorporate market analysis, data, and analytics, they advocated for further funding from governments, corporations, and foreign funding agencies for business growth and innovation service providers.
Bohani Hlungwane, Absa Group’s Head of Sales for Trade, re-emphasized the need for “more support for Business Development Services Organizations.”
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They urged the attendees to study macro-trends like digitalization, self-reliance production, and industrialization. This will increase their growth opportunities and sustained financial success. Investors also expressed their observations into their latest pandemic investments in Africa.
Tomi Davies, a veteran of African Business Angel Network (ABAN), said: “Corporations must understand that one of the best ways to innovate is to tap into the early stage entrepreneurial ecosystem.”
Amma Gyampo, ScaleUp Africa’s co-founder, motivated entrepreneurs to build confidence, structures, and joint ventures necessary to grow companies that are better and able to create employment to achieve an impact on society. An entire group of successful entrepreneurs from Africa and beyond have established world-class talents, technology, and strategies. Therefore, it is vital to relate them to the opportunities of delivery networks over which corporations and governments are crucial.
The ecosystem has a great deal of value, evidence, ideas, innovative market models, and future solutions. It can strengthen only growth and leadership performance. ScaleUp Africa promotes a more profound commitment to the growth of leading small enterprises. This group has really raised the standard to curate such an influential foreign virtual conference on the landscape of entrepreneurship.
“We just witnessed a great, well-organized Africa-focused virtual business event. We’re very proud to have been able to sponsor such a historic event,” said Einstein Ntim, CEO of Global Startup Ecosystem.