U.S. Innovators, Entrepreneurs and Business Owners Capitalize on Emerging Markets in AfricaJuly 30, 2015
Evi Fuelle is an intern in the International Trade Administration’s Trade Promotion and Coordinating Committee Office.
Earlier this week, several young innovators and entrepreneurs convened in Nairobi, Kenya, for one of the most exciting entrepreneurial opportunities in the world: the Global Entrepreneurship Summit (GES).
President Obama and U.S. Commerce Secretary Penny Pritzker traveled to Africa for the 2015 GES, the global business community’s equivalent of the “World Cup.”
During the sixth annual GES, the President addressed more than 1,200 attendees. The first to be held in sub-Saharan Africa, the 2015 GES shined a spotlight on the growing importance of the Continent as a center of business.
Secretary Pritzker led a delegation of roughly 200 U.S. investors to the Summit, including entrepreneurs at various points of their business development, and a diverse group of leaders and mentors from the business community.
As the Obama administration’s lead for entrepreneurship, Secretary Pritzker participated in a number of events during the GES, including the official pre-summit youth and women session, which brought together 150 entrepreneurs from around the world to provide them with an opportunity to discuss specific challenges, interact with industry experts, and pitch their business ideas to companies. Secretary Pritzker also hosted roundtables and meetings with select entrepreneurs, business leaders, and government officials.
Entrepreneurship is critical to generating economic growth, stimulating employment, and providing a basis for better economic and political stability. The U.S. government continues to lead numerous initiatives to encourage entrepreneurship and business in Africa, including the U.S. Commercial Service’s Trade Winds program, which will begin in South Africa on September 14, and will continue across the Continent through September 21.
The 2015 Trade Winds program offers U.S. companies the opportunity to explore eight markets in Sub-Saharan Africa. Featuring an Africa-focused business forum, the program consists of regional and industry specific conference sessions, as well as pre-arranged consultations with U.S. Senior Government Diplomats representing commercial markets from 19 African countries.
A Business Development Conference will be held from September 16-18 in Johannesburg as a feature of Trade Winds South Africa, giving businesses access to high visibility networking events with leading industry and government officials. The Business Development Conference will also provide businesses with the opportunity to conduct individual consultations with eight U.S. Commercial Service officers and 13 U.S. State Department posts from U.S. Embassies.
Other trade mission stops during Trade Winds Africa will give participants the opportunity to conduct customized business-to-business meetings with pre-screened firms in Angola, Ethiopia, Ghana, Kenya, Mozambique, Nigeria, South Africa, and Tanzania.
Both the GES and Trade Winds South Africa will provide unparalleled opportunities for U.S. innovators, entrepreneurs and business owners to capitalize on emerging markets in Africa, and the chance to seek out new innovation partners, demonstrating the administration’s commitment to helping entrepreneurs around the world realize the benefits of ingenuity.