The conference was organized by Japan International Cooperation Agency (JICA)under the theme “Emerging New Tech Businesses” in Africa. The webinar brought together key participants with technology startups in Africa that are contributing meaningfully to the public especially in the areas of education, capacity building, job creation, and skills development. The e-conference took place on 5th November 2020 through Zoom.
The Japanese companies are addressing social challenges and expecting returns inform of social impact and economic returns. During the webinar, it was noted that Africa has a huge potential of generating people with global potential.
It was noted that institutions should build sustainable business models tailored toward the growth of their economies. Statistics show that there are currently 4200 startups and about 650 Japanese companies that are financing these startups. The Japanese companies investing in the Tech Market in Africa are greatly contributing to Sustainable Development Goals.
Some of the participants in webinar brought it to the attention of the facilitators that Africa lacks standardization. Most of the startups have solutions but they lack funding. They therefore called Japanese companies to support local companies with funding and capacity building for organization staff.
KISTEC was represented by the Executive Director Mr. Mwinganiza Godfrey and KISTEC Co-Director Dr. Byamukama Benedicto.
