- Listed: February 11, 2015 8:47 am
- Expires: This ad has expired
Entrepreneurs are starting businesses of every size and type in Africa. It is the entrepreneurial ambition and initiative that is creating a new wave of profitable businesses and unprecedented prosperity in the continent. As a result, there is a growing demand for private equity in Africa to fund these rising businesses. The Tony Elumelu Foundation Entrepreneurship Programme (TEEP) will provide much needed seed capital funding, mentorship, training and more to create and grow 10,000 new African entrepreneurs over the next decade.
Investing in African entrepreneurs increases the number of thriving businesses in the continent. The reason behind the rise in demand for private equity in Africa is that more and more countries realize that entrepreneurial ventures are crucial to rise of the nation’s economic fortunes. That’s the main idea behind Africapitalism, which is, the rise of African multinationals. The McKinsey & Company projects the demand for private equity in Africa will rise by 8% by 2018. This is a great opportunity for Africa investment groups to invest more in African entrepreneurs to nurture the promising African economic growth.
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