At Harvard conference, experts harp on feasible, sustainable business ideas
Citing the peculiar investment climate in Africa, entrepreneurs and experts from different fields have made case for practical and sustainable business concepts.
Chief executives from global brands, including Ciuci Consulting, Bain Capital and other renowned made the position at the annual Harvard Business School (HBS) Africa Business Conference in the United States.
With the theme, “Partnering for Prosperity: Working Together for a Strong & Inclusive Africa”, the parley brings together experts from near and wide to unlock the potential of African economies through collaborations. It also aims at enthroning a conducive business climate on the continent with a view to achieving the economic and social development initiatives of African nations.
In line with tradition, the conference brought together over 1,500 people from the continent and the Diaspora to Boston to dissect the inherent business opportunities on the continent.
The meeting featured highly inspirational content sessions and a new venture competition which had Samuel Z. Alemayehu, Ed Brakeman, Stéphane Le Bouder as well as Nigerian innovation strategist and Director General, Delta Economic Summit Group (DESG), Chukwuka Monye, as judges. It also presented professional networking opportunities with current and future African business leaders.
The new venture competition assessed the commercial merit and potential viability of proposed adventures. The judges evaluated their potential for economic success.
A striking part of the initiative being the constructive feedback the contestants got from the judges. They were encouraged to always ensure that their business concepts were practical and sustainable, given the nature of the African business environment.
Consequently, DeShuna Spencer of Kweli TV, a U.S. online content streaming service dedicated to the black community, won the star prize of $10,000 while N Ifeanyi Umejei and Emmanuel Ekwueme of ICE Commercial Power, which develops solar microgrids for Nigerian commercial users, won the people’s choice award and prize of $5,000.