Reimagining Agriculture

As part of the conference, the Africa Business Club will be hosting the New Venture Competition which seeks to showcase the diversity of entrepreneurs making a difference on the continent today.

From the pool of over 380 applications, 10 finalists were  invited to pitch their business in front of over 1,000 attendees and receive feedback from a panel of experienced judges. The competition winner and runner-up, and third place will be awarded cash prizes of $30,000, 15,000, and $10,000, respectively.

Although Entrepreneurship through Acquisition (ETA)— where entrepreneurs search for and acquire small, stable, cash-flow positive businesses with the intention to grow them over time—is becoming more popular, few “search funds” have been established in Africa. Indeed, there has been limited data to support the case for investing in African search funds and the benefits of this novel asset class. Still, ETA remains uniquely positioned to unlock value, find new talent, and accelerate the growth and development of SMEs—particularly family businesses—across the continent. This panel will focus on three key questions: (1) What makes Africa ripe for the growth of search funds? (2) How can the North American search fund model function on the continent? (3) What are the dynamics of operating and growing businesses under this model?

Africa accounts for only two to three percent of global greenhouse gas emissions, yet it is disproportionately affected by the impacts of climate change. Key development sectors have already experienced severe damages including water shortages, reduced food production, biodiversity loss, loss of lives and reduced economic growth. Populations as well as businesses alike are increasingly exposed. Governments, businesses, and civil society must collaborate to deploy and scale solutions across industries that accelerate climate resilience and adaptation. Africa is also uniquely positioned to capitalize on the international transition to “green growth”, with opportunities to tap into new, fast-growing industries that can help to reduce global emission while creating jobs and economic development at home. This panel highlights investors, operators, and advisors to businesses and governments who aim to build synergies on the continent between climate adaptation and sustainable growth.