Increasing the Impact of Business Incubators and Accelerators in Sub-Saharan Africa
Date: June 29th 2021, Time: 2pm GMT
Venue: online (via ZOOM) Register Here
According to a report published by the International Monetary Fund (IMF) in 2017, the informal economy accounts for between 20 and 65% of the gross domestic product (GDP) of Sub-Saharan African (SSA). This sector represents up to 70% of employment in some countries, i.e. about 80% of total employment for women and 60% for men, most of which are very vulnerable (African Development Bank, 2017). For many years, it has remained omnipresent in both urban and rural areas, employing the majority of the working population. However, the predominance of informal enterprises in this region of the world is not without effect on the development of the various countries. It remains a major obstacle to the improvement of the business climate and weakens the position of economies on the international scene, while depriving them of the fiscal resources necessary to carry out structural investments.
To address the many challenges posed by the informal sector and to promote private sector development, Africa needs support to close the gap related to the acknowledged lack of essential skills to enable a business project to become sustainable. This explains the flurry of business incubators and accelerators that have been springing up on the continent for several years.
Aware of the need to address these shortcomings, the Nkafu Policy Institute of the Denis & Lenora Foretia Foundation is organizing the first edition of the Social Entrepreneurship Discussion on the theme: “Increasing the Impact of Business Incubators and Accelerators in Sub-Saharan Africa”.
Objectives and key issue
The main objective of this event is to provide a platform for high-level experts to address the requirements for successful development of incubators and accelerators in SSA. The discussion will center around the challenges faced by incubators and accelerators in SSA and the strategies to increase their impact on the economies. Specifically, it will provide an opportunity to:
- Present the stakes and opportunities of business incubators and accelerators for the development of social entrepreneurship in SSA;
- Present the obstacles for the development of business incubators and accelerators in SSA;
- Increase understanding of the role that business incubators and accelerators can play in promoting social innovation in SSA;
- Develop strategies to increase the impact of incubators and accelerators in specially on the development of private sector.
Venue and date
The discussion is scheduled for June 29th 2021, online (via ZOOM) at 2pm GMT. This webinar will also be streamed live on the social networks of the Denis and Lenora Foretia Foundation.
Target audience & participation
The audience consists of incubators and accelerators, government representatives, academics, researchers and students, speakers, social entrepreneurs, non-governmental organizations, civil society and public representatives etc. Participation in the event is FREE. However, people wishing to participate are requested to register beforehand through the link available on the website of the Denis & Lenora Foretia Foundation.
Panelists and Moderator
Mr. Nelson Amo, CEO, Innohub | Executive Director, Ghana Tech Lab | Founder, Accra Angels, Network | President, DT Automated Systems Limited,Ghana
Enyonam Kakane, Executive Director Mirepa Investment Advisors & Mirepa Capital
Mrs. Fri. L. Asanga, Interim Chief Executive Officer, Denis and Lenora Foretia Foundation,
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