GEC2017: Silicon Valley investors expected in S/Africa

Silicon Valley investors are expected to visit Johannesburg, South Africa, for the upcoming Global Entrepreneurship Congress (GEC) in March 2017.

Some of the investors, who are partnering with United States Agency for International Development (USAID), will participate in an 11-day itinerary in Accra, Ghana; Lagos, Nigeria; Cape Town and Johannesburg, South Africa, to engage with African entrepreneurs and innovators and explore partnerships and investment opportunities.

The trip is expected to culminate with the Global Entrepreneurship Congress (GEC), which is the first time to be hosted in Africa. The event will be hosted by the Global Entrepreneurship Network (GEN), Kauffman Foundation, SEA Africa, the City of Johannesburg, National Department of Small Business Development, Gauteng Provincial Government, Absa – a member of Barclays, Transnet, Hollard, Microsoft and Telkom.

It will be recalled that the USAID had, at the recently concluded Global Entrepreneurship Summit (GES) held at the Silicon Valley, USA, announced a $38 million commitment towards global entrepreneurship, which will help mobilise the power of global entrepreneurs and innovators.

The agency revealed that it will also be partnering with 500 Startups, a leading Silicon Valley global venture capital fund and accelerator, to host a first ever Geeks on a Plane (GOAP) trip to Africa next year.

Kizito Okechukwu, Executive Head of SEA Africa, reacting to the development, urged African entrepreneurs to take positive advantage and leverage from the partnerships, as well as the upcoming congress.

“It will also ensure continuous collaboration amongst African and other global entrepreneurs and assist to sustain the African Union’s 2063 Agenda.

“Africans breaking away from the syndrome of always coming up with new ideas but no significant achievement and set in motion high levels of productivity, growth, entrepreneurship and transformation. We are really looking forward to collaborating with all partners in ensuring that the GEC 2017 is an impactful one,” he said.