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Kenyan entrepreneurs receive mentorship from global investors

By Sara Okuoro | September 11th 2020 at 08:00:00 GMT +0300

The Endeavor Investment Network held its first workshop in Africa. The event was aimed at providing investors with access to high-impact entrepreneurs and key members of the business and venture ecosystems in emerging markets in Africa.

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 speed-networking session allows for matching amongst entrepreneurs and investors together by geography, sector and stage for 25 minute connections with the expected outcome being long term investment relationships between them.

“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 Fiona Mungai, Endeavor Kenya MD.

“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,” she added.

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The entrepreneurs also had a chance to receive on-demand mentorship on some of the key challenges around fundraising, strategy, talent, finance and governance.  

"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 Joseph Rehmann, CEO and Co-Founder of Victory Farms – Kenya, who attended the interaction.

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