You are here

Africa Investment Forum

Background

The Africa Investment Forum is a fully transactional platform and a marketplace for pension funds, sovereign wealth funds and other institutional investors looking to invest in Africa. It is also a platform to crowd in investments aimed at garnering the huge financing required in critical areas, with the private sector playing a crucial role.

Given the transformative  role of Small and Medium Enterprises (SMEs) in Africa’s economy, it was important to include  young SMEs at AIF.

Because traditional financial service providers often consider them risky, young SMEs struggle to get funding. Given the target audience, the Africa Investment Forum was a viable platform for convening key stakeholders around the question of investing in young SMEs.

PYAG’s role was to:

  • SShowcase successful young SMEs and make the case for investing in them. Asession was organised by the Bank (JfYA and PYAG), in partnership with the Private Financing Advisory Network (PFAN) and Africa 2.0 . 
  • Organise and moderate an investment conversation on successful models for investing in young SMEs and how to scale investments in young SMEs

Main activities:

  • Preparatory Workshop – From start-up to scale-up: Pitch Practice (6 and 7 November)
  • Semi Finale (8 November)
  • Finale (9 November - 10:45 to 13:45)

The finale was moderated by Mamadou Toure (PYAG) and Tendai Pasipanodya (Endeva and Young Innovators Working Group). During this session, the six finalists pitched in front of the judges and almost 100 investors and Africa Investment Forum participants.

The entrepreneurs were from Cote d’Ivoire, Ghana, Nigeria, South Africa, Tanzania, and Zambia. The pitches showcased innovation, scale, and increased employment generation potential. Out of the six, the top three below won awards:

  1. The 2018 Africa Investment Forum Young SME in Energy: James Van Det Walt from VITALITE, Zambia. VITALITE offers pay-as-you-go (PAYGO) mobile technologies to r access to modern and renewable energy in Zambia.
  2. The 2018 Africa Investment Forum Young SME in Agriculture: Fahad Awadh from YYTZ, Tanzania. YYTZ Agro-Processing is a full-service cashew processing company that offers traceability to consumers and provides value to rural farmers.
  3.  The 2018 Africa Investment Forum Young SME in Technology: Ange Balma from LIFI-LED, Cote d’Ivoire. LIFI-LED is the first African company specialized in the integration of LIFI solutions, smart lighting with dynamic contents and digital communication medium.

To ensure the audiences’ voice and participation, a voting platform was created to enable the public vote for the 2018 Africa Investment Forum Young SME People’s Choice Winner and ensure that th audience/investors could have a say as to which SME they would invest in.

The winner was LIFI-LED.

To learn more click :This article