The Africa 2018 Forum (www.BusinessForAfricaForum.com) focuses on youth and women; more than 250 startups will be at the Forum; several heads of state from the continent are expected.
The Africa 2018 Forum, to be held in Sharm el-Sheikh this week, on 8-9 December, will focus on the concerns of young people and women in Africa.
The forum will feature a Young Entrepreneurs’ Day and a discussion with “Women for Africa’s Success” as a theme.
The presidents of 6 multilateral development banks will be present. Several heads of state are also expected to attend the annual event, which is even more important this year, with Egypt chairing the African Union from 2019.
Some of Africa’s most promising companies and young business leaders will participate in the Young Entrepreneurs’ Day. More than 200 start-ups will be represented. The objective is to connect them with investors and provide them with the necessary skills to develop the company. All these companies have good growth and expansion prospects.
This initiative is a follow-up to the World Youth Forum held in Egypt last month. Egyptian President Abdelfattah al-Sissi announced several measures to support young people and entrepreneurs so that they can become important economic actors.
“Egypt has a thriving start-up sector, and we are working hard to develop a culture of entrepreneurship and innovation,” says Dr. Sahar Nasr, Minister of Investment and International Cooperation. The Ministry has put in place several initiatives for start-ups, such as Egypt Ventures, Falak Startups, and Fekretak Sherketak, which provide a comprehensive package of support measures, including financing, support, business development services and acceleration programmes. The country has adopted an open policy in which entrepreneurs can discuss with policy makers to overcome regulatory constraints and exploit their potential for innovation and growth. It also aims to play a role as a regional activity centre for Africa.
“We are internationally competitive on all fronts: regulations, access to finance and, of course, a lot of young and dynamic talent,” she continues.