Breakout 2
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Saturday
|
11:25 am
Aldrich 109
Startups

Scaling African Startups: From 0 to 100 and Beyond

In the past decade, the African continent has experienced a remarkable surge in startup activity, as many enterprising individuals have set their sights on solving local challenges through innovative solutions. However, this momentum has been met with a challenging year, where several startups have been forced to either shut down or significantly downsize to weather the current storm. This panel will focus on how African startups can scale from 0 to 1 and from 1 to 100 and how they can access capital, talent, and mentorship to fuel sustainable growth.

Scaling African Startups: From 0 to 100 and Beyond

In the past decade, the African continent has experienced a remarkable surge in startup activity, as many enterprising individuals have set their sights on solving local challenges through innovative solutions. However, this momentum has been met with a challenging year, where several startups have been forced to either shut down or significantly downsize to weather the current storm. This panel will focus on how African startups can scale from 0 to 1 and from 1 to 100 and how they can access capital, talent, and mentorship to fuel sustainable growth.

America/New_York
Feb 17, 2024 11:25 AM
Aldrich 109

Other Sessions

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Keynotes
Saturday
|
2:00 pm
Klarman Hall
Special Address from Patrick Achi
Special remarks from former Prime Minister of Cote d'Ivoire
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Special Address from Patrick Achi

The former Prime Minister will give special remarks on accelerating economic growth and sustainable development in Africa.

America/New_York
Feb 17, 2024 2:00 PM
Klarman Hall
More Info
Specials
Saturday
|
10:15 am
Klarman Hall
Reimagining the Africa Growth Story by McKinsey & Company, Africa
Insights from McKinsey's 2023 Reimagining Economic Growth in Africa report
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Reimagining the Africa Growth Story by McKinsey & Company, Africa

Africa’s economy downshifted over the last decade, yet half of its people live in countries that have thrived on the continent. Africa has the human capital and natural resources to accelerate productivity and reimagine its economic growth, which is, more than ever, vital for the welfare of the world. The fireside chat will feature a presentation of key insights from McKinsey Global’ s 2023 Reimagining Economic Growth in Africa report.

America/New_York
Feb 17, 2024 10:15 AM
Klarman Hall
More Info
Keynotes
Friday
|
3:30 pm
Klarman Hall
Undoing the African Debt Trap
What role does the public and private sector play in undoing sovereign debt traps in Africa
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Undoing the African Debt Trap

In 2022, public debt in Africa reached USD 1.8 trillion. While this is a fraction of the overall outstanding debt of developing countries, Africa’s sovereign debt has increased by 183% since 2010, a rate roughly four times higher than its growth rate of GDP in dollar terms. Today, 60% of African countries spend more on repaying their debts than on healthcare, a trend that has been exacerbated by the COVID-19 pandemic, the war on Ukraine and the overall economic slowdown in the past few years. While international organizations have stepped in to support (for example, the G20 assisted 31 out of 36 eligible African countries with its Debt Service Suspension Initiative (DSSI)), the question remains: Why has Africa not been able to break out of this debt trap? And what role does the public and private sector play in moving past this dynamic?

America/New_York
Feb 16, 2024 3:30 PM
Klarman Hall