Invest Africa Launches Programme to Support African MSMEs

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Nyakundi Report

Newsroom 1 min read

Primary source Kenyan Digest archive

This archive report was first published on 23 August 2021.

On 16th September, Invest Africa will host the Next Generation Africa Forum, a virtual event connecting MSMEs across the Continent with practical support from leading VCs, banks, incubators, and multinational tech companies.

Through a series of free interactive workshops, pitches, and discussions, the Next Generation Africa Forum aims to offer MSMEs the support they need to thrive. The sessions will focus on building pathways to formality, preparing businesses for investment, accelerating growth, and managing digital risks.

Invest Africa, a leading trade and investment platform for African markets, has partnered with Google, KPMG, DHL, Aon, and 4G Capital to launch the programme. The partnership seeks to provide a strong platform to foster collaboration between financial services, investors, entrepreneurs, and policymakers.

MSMEs account for 70% of Africa's employment, forming the backbone of Africa's economies and driving job creation. However, many of Africa's MSMEs have been hard hit by the global COVID-19 pandemic, exacerbating existing challenges.

Applications are now open for MSMEs to secure a place at the Forum. The programme is a significant step towards supporting the growth and development of African MSMEs.

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