A historic speech in Cairo the year 2009, President Obama elevated entrepreneurship to the forefront of the United States’ engagement agenda. Since 2010, when the U.S. hosted the first Summit in Washington, D.C., GES has expanded to a global event, subsequently hosted by the governments of Turkey, the United Arab Emirates, Malaysia, and Morocco. The 2015 Global Entrepreneurship Summit was held in Nairobi, Kenya, on July 25-26. It was the sixth annual gathering of entrepreneurs at all stages of business development, business leaders, mentors, and high-level government officials. The established tradition demonstrates the U.S. Government’s continued commitment to fostering entrepreneurship around the world.
Over 120 countries in attendance, Nairobi was the hub of entrepreneurship from innovation and success stories, the ability to involve and be inspired by the great minds being the main highlight of the weekend. The most exciting involvement of the President of the United States in the summit took over the country and in as much as more focus was placed on his arrival and stay rather than the business many stand to benefit from the GES. Africa is a continent on the move full of potential that is gathering on standing on its own in the later years without the slightest dependence. It is a good drive and over the weekend we have stood firm and proven that choosing Kenya is the best choice for investment as has been conferred by business leaders and those who stand at the forefront fostering entrepreneurship.
A lot of commitment has been made and is glad that Kenya has been chosen as the main frontier in business in Sub-Saharan Africa. President Obama was at the front line matters commitment promising $1billion dollars to the youth and women with the belief that educated and innovative youth and women is what will guarantee development for not only Kenya but also the entire world. Other commitments included: Sh20 billion from America’s Overseas Private Investment Corporation to Equity Bank Group for youth/women development, Sh60 billion from Chase Bank Kenya for small/medium sized business, Sh1.3 billion from Village Capital for entrepreneurs, Sh2.5 billion from US Agency for International Development for health/ energy sector, Sh450 million from The Coca-Cola Africa Foundation for youth empowerment and Sh500 million from Nigerian billionaire Tony Elumelu for young entrepreneurs just to name a few. So business did happen in as much it was not given the much attention it deserved being that it was the main thing that brought the entire world to Nairobi, Kenya.
We as the founder remain optimistic and look forward with regards to major progress for entrepreneurs and very glad to know that small and medium enterprises stand to benefit a lot and the young men and women in our society continue to be empowered to be more innovative to impact not only Kenya or Africa but the whole world. Stay with www.thefounder.co.ke for greater insight into the business world. It begins with an idea.
‘Don’t wait for the ‘perfect time’, you will wait forever. Always take advantage of the time that you’re given and make it perfect for you.’ Daymond John Founder, FUBU (Panelist)