Kenyan entrepreneurs receive mentorship from global investment giants
As part of the organization’s mission to support entrepreneurship around the world, Kenyan entrepreneurs were privileged to interact with the Endeavor Investment Network and received on-demand mentorship on some of the key challenges around funding their businesses.
Among the challenges received were key strategy, talent, finance and governance.
This was Endeavor Investment Network’s first workshop in Africa, an event that was designed to provide investors with access to high-impact entrepreneurs and key members of the business and venture ecosystems in the emerging markets on the continent.
“This was an opportunity to showcase entrepreneurs with business models that have proved resilient and innovative. Many selected have transformed their strategies to solve problems that have arisen in 2020, in logistics, retail and agriculture.” Said Ms. Fiona Mungai -Endeavor Kenya, Managing Director, adding that “It was an indicator that investors are open to African business and are seeking opportunities that will deliver value and impact in terms of job and wealth creation.”
The participants included local entrepreneurs from Kenya, Endeavor entrepreneurs, regional investors, and international investors including global investor network members such as TPG Rise Fund, Wamda Capital, and IFC Ventures.
“The event continued to break new ground in remote networking capabilities and showcased a blue-chip group of investors with many of Africa’s brightest entrepreneurial leaders.” Said Mr Joseph Rehmann, Chief Executive Officer and Co-Founder of Victory Farms – Kenya.
Launched in April 2011, the Endeavor Investor Network is an invitation-only event, designed to provide investors with access to High-Impact Entrepreneurs and key members of the business and venture ecosystems in Endeavor’s emerging markets.
It’s signature “Speed-networking” session allows for matching amongst entrepreneurs and investors together by geography, sector and stage for 25-minute connections.
The outcome of these connections is often the beginning of long term investment relationships between the funds and local entrepreneurs.