BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Denis & Lenora Foretia Foundation | Catalyzing Africa's Economic Transformation - ECPv6.17.0//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-ORIGINAL-URL:https://www.foretiafoundation.org
X-WR-CALDESC:Events for Denis & Lenora Foretia Foundation | Catalyzing Africa's Economic Transformation
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:UTC
BEGIN:STANDARD
TZOFFSETFROM:+0000
TZOFFSETTO:+0000
TZNAME:UTC
DTSTART:20230101T000000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=UTC:20240417T100000
DTEND;TZID=UTC:20240417T120000
DTSTAMP:20250127T105337Z
CREATED:20250127T105337Z
LAST-MODIFIED:20250127T105337Z
UID:10000362-1713348000-1713355200@www.foretiafoundation.org
SUMMARY:Operational Working Group: Fundraising by Startups in Cameroon
DESCRIPTION:Fundraising by Startups in CameroonDate: April 17\, 2024\nTime: 10:00 am (GMT+1)\nVenue: Mansel Hotel\, Yaoundé\n \nBackground\nCameroon has a thriving startup ecosystem\, with a growing number of young startups eager to launch and expand their businesses. Known for their huge growth potential\, these entities usually require heavy investments that cannot be solely mobilized by startups. However\, access to finance remains a major challenge for many of these early-stage structures. They are actively seeking ways to raise funds to support their growth. Although a variety of funding opportunities exist\, navigating the fundraising landscape is overwhelming for startups. In 2021\, only 15% of Cameroonian startups had access to formal funding options\, while the majority relied on personal savings or informal funding sources (Kabange\, 2021). According to the Central African Startup Finance Report 2022\, funds raised in 2022 by startups in Cameroon remained stable year-on-year at 7.3 billion francs CFA ($12 million). In 2023\, the Africa platform’s report showing the breakdown by country of funds raised by young African startups revealed that Cameroon attracted fewer investors\, raising just $4 million\, far behind Côte d’Ivoire ($17 million)\, Senegal ($44 million)\, Benin ($71 million)\, South Africa ($410 million)\, Egypt ($640 million)\, and Kenya ($88 million). Limited access to capital hinders startups’ potential to innovate\, create jobs\, and contribute to economic growth. With this in mind\, the Nkafu Policy Institute of the Denis & Lenora Foretia Foundation is organizing an operational working group on “Fundraising by Startups in Cameroon.” \nObjectives\nThe primary objective of the operational working group is to examine the fundraising challenges faced by startups in Cameroon and shed light on how they can leverage available opportunities to improve access to finance\, foster public-private partnerships\, and ultimately shape the future of startups in Cameroon. Specifically\, it aims to: \nIdentify the fundraising constraints of startups in Cameroon.\nDevelop strategies for Cameroonian startups to easily raise funds.\nExplore the potential of public and private entities to support startup fundraising.\nInvestigate the possibility of establishing a startup fund to provide seed capital and support to early-stage startups in Cameroon. \nExpected Outcomes\nIncreased fundraising capacities of startups in Cameroon. \nTarget audience\nThis event is open to policymakers\, startup founders and entrepreneurs\, investors\, academics and researchers.\nContact details\nEmail: info@foretiafoundation.org / Tel: (+237) 654 86 72 54
URL:https://www.foretiafoundation.org/events/operational-working-group-fundraising-by-startups-in-cameroon/
LOCATION:Mansel Hotel\, Quartier-Fouda\, Yaounde\, Centre\, Cameroon
CATEGORIES:Event,Events,Nkafu Policy Institute
ATTACH;FMTTYPE=image/png:https://www.foretiafoundation.org/wp-content/uploads/2024/03/thumbnail_banner_operational_EN-square-1.png
ORGANIZER;CN="Nkafu Policy Institute":MAILTO:info@foretiafoundation_org
END:VEVENT
END:VCALENDAR