Leading development finance institutions (DFIs) including FinDev Canada, CDC Group (CDC) of the United Kingdom, Proparco of France, and the Overseas Private Investment Corporation (OPIC) of the United States along with the Mastercard Foundation announced today at the Women Deliver 2019 Conference that they are joining forces to sponsor the 2X Invest2Impact – Business Competition. The purpose of the competition is to support the growth of high-potential, women-owned businesses to increase their commerciality and impact. This major new initiative will support women entrepreneurs who have the potential to make a positive impact on their local economies and are strong candidates for investments from development financiers.
While there is no shortage of business competitions on the African continent, and many women-focused entrepreneurial forums, programs, and initiatives, 2X Invest2Impact will stand out by focusing on growth stage women-owned businesses, poised for investment capital. 2X Invest2Impact will provide them with mentorships, business development services, visibility, and the opportunity for funding.
“The credit gap for women-owned SMEs globally is estimated at $287 billion. This means that 70 percent of women owned SMEs cannot access the financing they need to grow a business. This competition aims to directly address this,” said Paul Lamontagne, Managing Director of FinDev Canada.
“We also know that there is a persistent disconnect between investors and development financiers who are seeking to invest in women-owned businesses and those women owners who are looking to grow their companies. Our 2X Invest2Impactinitiative will help bridge that gap by bringing high-quality women-owned businesses together with interested investors,” noted Jen Braswell, Director, Value Creation Strategies, CDC.
The goals of 2X Invest2Impact are to:
- Directly reach women-owned businesses that may otherwise face barriers in accessing investment capital;
- Contribute to the community of women business owners and leaders in the region;
- Gather and share learnings on women in business and gender-lens investing;
- Increase visibility and momentum for gender-lens investing; and
- Pilot an investment prospecting model that could be replicated in other regions.
“Africa is home to more female entrepreneurs than any region in the world. Through 2X Invest2Impact, OPIC is proud to join its 2X Challenge partners and MasterCard Foundation in providing a platform for female entrepreneurs to showcase their successful enterprises and to access critical expansion capital. We are not only reaching these female entrepreneurs but also showing the world what African women can do when they are empowered,” said Kathryn Kaufman, OPIC Managing Director for Global Women’s Issues.
“The Mastercard Foundation is pleased to support this exciting business competition. We know that when we support women entrepreneurs, there is a positive impact in the community. This competition will drive employment and growth,” added Lindsay Wallace, Director of Strategy and Learning, Mastercard Foundation.
The competition will provide value to all entrants, including networking and feedback through insights and benchmarking reports. After an initial application process, twenty-five small and medium enterprises (SMEs) will be selected for participation. These contestants will benefit from pitch training, access to webinars, podcasts and other learning tools as well as networking opportunities. Each SME will be assigned a mentor and be promoted during a high-profile and well-publicized closing event.
“We are confident that this will be a turning point for the winners of the competition,” noted Gregory Clemente, CEO, Proparco. “They will benefit from improved access to funding, increased visibility stemming from the media coverage and word of mouth and the hands-on mentorship of a leading entrepreneur in their region. We are also very happy to see them entering into an investment readiness support program, which will help these brilliant women entrepreneurs bring their businesses to new highs.”
Distributed by APO Group on behalf of Africa Regional Media Hub.
Africa rising, pan-Africanism and African renewal are just some of the terms seen regularly on the radars of global business scenario forecasters.
52.3% increase in intra-African trade
According to The Economic Commission for Africa (ECA), intra-African trade is expected to increase by 52.3% from 2020. With the African Continental Free Trade Agreement signing in Rwanda, March 2018, and other factors, Africa has proclaimed itself open for business – with 55 countries merging into a single market of 1.2 billion people and a combined GDP of $2.5tn, which will see Africa become the largest free trade area in the world.
With the above factors providing every reason why African business stakeholders should be talking to each other more than ever, Bizcommunity’s dedicated B2B platforms are ideal to enable exactly the knowledge and resource sharing and intra-African networking required right now.
Celebrating Africa Month_ May 2019
In May, the daily go-to media for the curation and distribution of African company news, jobs and events across 18 industries will further spotlight the factors and stakeholders spearheading these moves.
Join us in our vision to enable a connected business-ready Africa
Send a clear message to the world that your company is open for African business opportunities on bizcommunity.africa daily news platforms.
Join us in our vision to enable a connected business-ready Africa. Publish company news, opinion, activations, events and jobs on the biggest multi-industry website, that’s made in Africa, to put African business news on the front pages and in the hands of our 464,000 readers.
Distributed by APO Group on behalf of Bizcommunity.
Source: AFRICA NEWS
The Department of Trade and Industry (the dti) will for the first time be showcasing 15-20 local companies in the South African National Pavillion at the prestigious Africa Oil Week event (www.Africa-OilWeek.com), which will take place in Cape Town, from 4-8 November 2019.
As the leading event for Africa’s upstream oil and gas sector, the dti will be using Africa Oil Week as a platform to outline the department’s commitments to the energy sector and re-emphasise the need for sustainable and equitable growth for local businesses.
The businesses will also be exposed to more than 1 500 senior executives from the oil and gas value chain across the globe, including 15 ministers of energy, key decision-makers from national and international oil companies, oilfield service providers, and the investment community.
The inclusion of the South African Pavilion is aligned with the country’s strategic goal of implementing an outward investment-led trade approach which aims to increase the country’s exporting capacity for diversified goods and services to international markets while promoting industrial development, job creation, foreign direct investment and economic growth to position South Africa as a globally competitive investment destination.
The Minister of Trade and Industry, Dr Rob Davies says the sub-Saharan Africa region is rapidly transforming into a natural gas jurisdiction given major recent natural gas discoveries in the region and the significant potential domestically in South Africa.
“Following the profound experience of reindustrialisation of the United States of America on the back of major gas finds, and the Qatari LNG development trajectory, the potential for the realisation of significant long-term onshore value in South Africa and the region is substantial. Whether or not South Africa discovers its own commercially viable natural gas resources, it will play a major role in driving onshore demand and the development of the regional resources,” says Davies.
He adds that in the light of the opportunities presented in the regional and domestic natural gas sector, the dti continues to refine its long-term natural gas industrialisation policy for SA, which would maximise the multiplier effects (both up and downstream) of the natural gas resources domestically and in the South East African region. Appropriate natural gas industrial policy will allow SA and the region to optimise the utilisation of natural gas, maximise its multiplier effect potential and drive regional integration.
According to Davies, the exhibition comes as part of a wider focus on South Africa this year, with a full day programme dedicated to it within in the National Showcase Theatre on Tuesday, 5 November 2019. The South Africa Showcase will feature panels with industry experts. Throughout the day, the showcase will feature strategic discussions around the future of the nation’s energy sector, exploring topics such as local content and procurement, fiscal policy and governance as well as highlighting new prospects and key projects currently taking place in South Africa.
The showcase will be an excellent opportunity for the SA companies which are looking to access Pan-African energy tenders or global debt and equity partners to expand their business.
To find out more about the programme or register to attend, visit: www.Africa-OilWeek.com
Distributed by APO Group on behalf of Africa Oil Week.
Africa Oil Week
About Africa Oil Week:
Africa Oil Week (www.Africa-OilWeek.com) is the leading oil and gas event for the continent, with over 1 500 key executives attending from around the world to broker new deals. The global E&P community – government, NOC’s, international oil companies, independents, investors and service providers – is brought together here like no other event. This unique event is a hub for deal-making and building networks with senior decision-makers.
Author: Hirem Sam (Source: Global News Journal)
Zion Market Research has announced the addition of a new market intelligence report. The report is titled, “Cyber Security (Network Security, Cloud Security, Wireless Security and Others) Market, By Solution (Identity and Access Management (IAM), Encryption, Risk and Compliance Management, Data Loss Prevention, Antivirus And Antimalware, Firewall And Others), By Vertical (Aerospace, Government, Financial Services, Telecommunication, Healthcare And Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”. The global Cyber Security Market report serves with all-inclusive, highly-effective, and thoroughly analyzed information in a well-organized manner, based on actual facts, about the Cyber Security Market. The whole information from the scratch to the financial and management level of the established industries associated with the Cyber Security Market at the global level is initially acquired by the dedicated team. The gathered data involves the information about the industry’s establishment, type and the form of products it manufactures, annual sales and revenue generation, the demand of the manufactured product in the market, marketing trends followed by the industry, and a lot more important information. The industries majorly comprise the global leading industries that are putting their extreme efforts to maintain the hold over the highly-competitive Cyber Security Market, about which the thorough information is provided in the report.
Some of the Major Cyber Security Market Players Are:
- Northrop Grumman
- Booz Allen Hamilton
The industry analysts begin their task by compiling this huge pile of information, graphically expressing, anticipating the future market growth, offering the ways to improve the business, and many other important viewpoints explained by them in the global Cyber Security Market report. The report delivers the analytical data in several parts based on the fragments of the global Cyber Security Market product, its end-users, applications, and others of the market; additionally,
The global Cyber Security Market report elucidates the comprehensive analysis of the market-derived on the basis of regional division [Latin America, North America, Asia Pacific, Middle & East Africa, and Europe]. The report comprises precise analytical information related to market forecast for several upcoming years. The report also includes the particulars about the valuation of macro and micro elements significant for the growth of already established Cyber Security Market contenders and emerging new companies.
Source: World Oil
JOHANNESBURG — As Angola works in attracting foreign investors from the Americas, Europe, the Middle East and Asia, its closest African neighbors are also entering the race to tap into vast investment opportunities in Africa’s second biggest oil producing market.
Beyond the traditional African oil players, most of them coming from Nigeria, South African companies have increasingly showed interest in regionalizing and expanding their businesses beyond their home country. President João Lourenço chose South Africa as his first state visit destination as president, which was followed in 2018 by a South African trade and investment mission to Luanda.
While Mozambique’s LNG mega projects are seen for many South African construction, services and supply companies as very attractive and nearby opportunities, a sizeable and expanding market like Angola has also appeared on their radar in recent years.
It is notably the case of South Africa’s state-owned giants like the Central Energy Fund (CEF), in charge of both developing a robust domestic energy market and securing the energy supplies South Africa needs to support its growing economy. Under the Integrated Resources Plan set to be adopted by the country this year, 8,100MW of additional gas-to-power capacity is to be added in South Africa by 2030. South Africa also remains sub-Saharan Africa’s largest refiner and is planning additional refining and petrochemicals units that will all require crude oil and natural gas supplies that do not exist domestically.
It is hence no surprise that Angola, with its lucrative opportunities and reformed business environment, will be hosting a strong delegation of South African companies during the upcoming Angola Oil & Gas Conference 2019, set to be held in Luanda on June 4-6, 2019. The summit is organized by Africa Oil & Power and endorsed by the Ministry of Mineral Resources and Petroleum of Angola.
“The economic reforms passed by President Lourenço and the opening of wide swaths of oil and gas acreage constitute the single biggest exploration opportunity in the history of Angola,” said Guillaume Doane, CEO of Africa Oil & Power. “This is a new era for Angola that will herald the arrival of several new entrants to the market.”
Among the new entrants, the Strategic Fuel Fund (SFF), a CEF group company, will be present to look into the various licenses and blocks Angola has to offer. The state-owned entity already recently became owner and operator of South Sudan’s Block B2 under an exploration & production sharing agreement (EPSA) signed in Juba this month, and is keen to continue securing additional assets and reserves across Africa’s key oil markets that can benefit South Africans.
“The Strategic Fuel Fund seeks to invest in and acquire key oil & gas assets across Africa that can be of important interest to the host countries and South Africa” declared Godfrey Moagi, CEO of the SFF. “In our quest for attractive assets with vast resource potential, we believe Angola offers the right kind of environment, mature fields and political leadership needed to realize successful ventures.”
Angola has indeed just released a new oil licensing strategy up to 2025, and is about to launch for the first time a bidding round that includes marginal oil fields with an attractive fiscal framework. Oil concessions are now overseen by a new and independent agency, the ANPG, which took this responsibility over from state-owned Sonangol in a move to make the process more efficient and transparent.
“The ambitious reform agenda of President João Laurenço and Minister of Mineral Resources and Petroleum Dr. Diamantino Pedro Azevedo is proving successful in building up investors’ trust and confidence,” said Centurion Law Group CEO and AEC Executive Chairman NJ Ayuk. “It is very encouraging to see major African players coming to Angola from across the continent. This is very promising for the growing African energy cooperation and the development of our industry.”
The African Energy Chamber (AEC) is the only Africa-wide association that represents all aspects of Africa’s oil and gas industry. The AEC represents more than 120 partner companies involved in all aspects of the African energy industry. Its Angola operations are overseen and represented by Sergio Pugliese.
Finding the business opportunity which will suit you best should never be a random process and always requires a sound strategy.
Your plans must obviously take into account your skills and aptitudes, as well as your interests and previous experience. And while such an approach should never rule out something entirely new, you must know your strengths (and weaknesses) in order to determine what path you plan to follow.
You must also look around carefully to find out what is popular and where there is a gap in the market. And fortunately, Africa is a continent full of business opportunities for both traditional and trailblazing entrepreneurs.
African art and traditional craftwork
Do you know much about the value of African art? You may be surprised to hear that Sotheby’s sold a collection of West African antiques in New York for the staggering sum of $41 million in 2014 (a record sum for African art in the US).
And elsewhere, Nigerian artist Ben Enwonwn’s wooden sculptures sold on the London market for $500,000, – three times more than they were expected to make!
While these are extreme examples, it’s also known that the marketplaces of Egypt and Morocco, for instance, enjoy a buoyant trade in original artefacts and locally created, hand-crafted goods produced primarily for the tourist trade.
There are undoubtedly many reasons for the resurgence of interest in this field, but the spread of multiculturalism and today’s ease of access via the Internet suggest this is a trend set to continue.
Africa’s renaissance farmers
African agriculture suffers from a bad press, associating it with poverty, aging farmers, back-breaking labor and subsistence-level returns.
As a result, there has been a pronounced drift away from rural areas. This industry has become an untapped goldmine crying out for new blood and full of exciting opportunities to develop an ancient industry in exciting new ways.
Sub-Saharan Africa has fertile soils, around three-fifths of the world’s unexploited arable land, an abundant source of agricultural labor and year-round sunshine.
These attributes put the region in pole position to become a major source of food for the world’s markets. This projection discounts the continent’s own ‘home market’ of one billion people – a huge opportunity for young agricultural entrepreneurs to exploit.
Eco-energy for the African market
Would-be entrepreneurs should note that hardly one-fifth of Africa’s population have access to an electricity supply, and even those who do mostly rely on dirty and noisy generators.
With much of sub-Saharan Africa able to enjoy an average of more than 325 days of sunshine a year, the continent has its own source of cheap, clean energy ready to be harnessed to get its people connected to the future.
The market for solar power has huge potential. To take just a single example, the smartphone has emerged as Africa’s most potent tool for communication, but millions have problems finding a reliable source for recharging their phones – especially in rural areas.
Solar energy now benefits from advanced technologies which make it fast and cheap to set up, even in the most remote locations.
In addition, solar-generated energy is a ‘green and clean’ product which makes it an even more attractive proposition for the future.
With equipment prices also falling, many observers believe that African solar power could start making a major contribution to the European energy market.
Africa’s potential education market
There is an ever-growing need for education and training all over Africa which is overwhelming governments everywhere.
For the entrepreneur equipped to meet such demands, there are numerous small and large opportunities right across the sector: in both primary and secondary education, for individual private tutors, in university training, for vocational training as well as professional certification needs of all kinds.
Africa’s growing population of young people see a good education not only as a pathway out of poverty but also as the key to securing a good job with prospects for advancement.
And in the corporate arena, businesses are looking to recruit an educated workforce who can service the needs of a 21st-century economy. For example, these needs alone have created an almost insatiable demand for language teachers.
These are just some of the many gaps in the market Africa now offers the young, dedicated and organized entrepreneur.
So, provided you carefully research the present and future demands of your sector, there are many businesses which could represent an ideal opportunity.
By Bruce Hakutizwi, USA and International Accounts Manager for BusinessesForSale.com, the world’s largest online marketplace for buying and selling small and medium size businesses. Bruce has over 7 years’ experience working within the US business transfer marketplace connecting buyers and sellers.