We are delighted to announce that Heartland Incubator Hub, a venture of Oluaka Institute of Technology will be featured as one of the Hub partners for the Annual Investment Meeting for 2021.
What does this mean for us?
First, we will like to give you a sneak peek into what our partners are into.
The Annual Investment Meeting (AIM) is an initiative of the AIM Foundation, an independent non-profit international organization fully committed to empower the world’s economy by boosting effective promotion strategies and facilitating opportunities for economic productivity and expansion.
The Foundation also undertakes the operation and management of the AIM Global Investment Network and its 15 affiliated Business Groups, including the supervision of the Annual Investment Meeting Global and Regional Chapters.
Since its inception, the Annual Investment Meeting has established itself as a leading investment platform in the Middle East which aspires to ignite positive transformation by creating investment opportunities, upholding solidarity and developing economic relations among nations, as well as addressing the global ordeals that will make a profound impact to economic growth.
Every edition of the Annual Investment Meeting is an opportune event to address the fundamental challenges that nations are being confronted with on their journey to achieving development, and to discuss investment trends and strategies that can be utilized to maximize the potential of every business, country and region to consequently fuel economic diversification.
This partnership for us is a two edged sword in that it gives our startup an express opportunity to participate in the Annual Investment meeting (AIM Congress) for a 50% discounted registration, thereby exposing them to opportunities to attract investors across and outside Africa.
African Continental Free Trade Area is the largest free trade area globally, with 54 out of 55 nations of the African Union – started trading on 1 January 2021, creating a market of 1.2 billion people and the eighth economic bloc in the world with a $3-trillion combined GDP, that is expected to more than double by 2050. This will positively impact Africa’s growth, resulting in welfare gains for citizens, facilitating trade growth and improving Africa’s trade deficit.
Africa is recovering from the unexpected downfall of FDI in 2020 (-18%); however, the 2021 FDI outlook is looking positive for the continent. It is opening its market for global consideration. The capital market of Africa is proceeding with caution amidst the volatility of the market. PWC reports that, “African EMC activity in 2020 was the lowest it has been in the last decade, recording a decline in value and volume by 2% and 23% respectively, compared to 2019.
China is on a bullish run to promote its international agenda and has signed multiple MoUs with the African countries to establish its bilateral trade. Immediate steps have taken for the SME sector in Africa to reduce the growing financing gap. SME sector was one of the hard-hit sectors. Policy changes and economic relief by the government and recommendations to mitigate the challenges have encouraged access to the undiscovered land. Private sector initiatives have also been launched to support small and medium scale enterprises. Early-stage investing has also caught up in the African market. The significant breakthroughs to mitigate the challenges have further encouraged the Startups to be hopeful of 2021. Digital revolution and Logistics Marketplace are essential areas of growth in Africa.
To facilitate the application processes for startups within our ecosystem, register by clicking here
You are free to drop your questions as comment below and we will be delighted to treat them in our subsequent posts.