KPMG is set to host the Africa Venture Summit, an event designed to catalyze private enterprise investment across the continent.
KPMG is set to host the Africa Venture Summit, an event designed to catalyze private enterprise investment across the continent.
The summit, scheduled for June 10, 2024, will bring together a diverse group of stakeholders, including venture capitalists, private equity investors, entrepreneurs, and industry leaders.
The Africa Venture Summit comes at a crucial time for the continent’s private equity (PE) market.
Despite global economic uncertainties, Africa’s PE landscape shows promising signs of growth.
According to the African Private Equity and Venture Capital Association (AVCA), 2023 saw a record level of fundraising, with over $4 billion committed to African PE funds.
This influx of capital is largely driven by the continent’s burgeoning middle class, rapid urbanization, and technological advancements, which create fertile ground for investment.
KPMG’s summit aims to harness this momentum by providing a platform for key industry players to network, share insights, and explore investment opportunities.
The event will feature panel discussions, keynote speeches, and breakout sessions covering a range of topics, from navigating regulatory environments to identifying high-growth sectors.
The summit underscores Africa’s growing appeal to investors. With a youthful population, increasing internet penetration, and a vibrant entrepreneurial ecosystem, the continent offers significant opportunities for PE investment.
Sectors such as fintech, healthcare, and renewable energy are particularly attractive due to their high growth potential and ability to address critical challenges.
DXwand, a leading AI startup operating across Egypt and the United Arab Emirates, has secured $4 million in Series A funding to accelerate its expansion across the Middle East and North Africa (MENA) region.
The United Nations Development Programme (UNDP) has partnered with African governments and private sector leaders to launch a groundbreaking initiative aimed at supercharging innovation and entrepreneurship across the continent.
TLcom Capital, a leading African venture capital firm, announced the final close of its second fund, TIDE Africa Fund II, at $154 million.
© 2021 Empower Africa. All rights reserved.