Sankalp Africa Summit 2024

Theme:  Fostering Empowerment Among African Entrepreneurs for Global Sustainable Solution

The Mastercard Foundation Fund for Resilience and Prosperity recently participated in the Sankalp Africa Summit 2024 held between 28 -29 February in Nairobi, Kenya. The summit aims to influence the global inclusive development discourse through its work with entrepreneurs, impact investors and inclusive businesses in developing markets. Sankalp Africa Summit 2024 marked the eleventh edition of the annual summit organized by Intellecap, a part of the Aavishkaar Group with the theme “Fostering Empowerment Among African Entrepreneurs for Global Sustainable Solution”. 

The Sankalp Africa Summit 2024 brought together over 1,300 stakeholders, including entrepreneurs, investors, policymakers, and ecosystem builders, to explore opportunities and challenges in fostering impactful entrepreneurship across Africa. The summit featured insightful discussions, networking opportunities, and showcased innovative solutions driving social and economic development on the continent.

The Fund Grants Lead, Wilson Irungu and Finance and Grants Associate, Felix Muia attended the event to create awareness on the Mastercard Foundation Fund for Resilience and Prosperity and the Agribusiness Challenge Fund among relevant stakeholders. The Fund management team engaged with various audiences such as SMEs, Technical Assistance Providers, International Development Institutions among other stakeholders, potentially relevant to various Fund interventions. Both Fund representatives were able to interact one-on-one, with interested audiences to learn more on the Fund. They were also able to add prospective participants to the Fund database.

The Fund team also attended various sessions and highlighted a session that focused on igniting Africa’s potential for just transition for impactful ventures and live deal making sessions, discussing strategies to attract investment, alternative funding mechanisms, and the role of impact investors in driving sustainable growth.  The Sankalp Africa Summit 2024 served as a catalyst for driving impactful entrepreneurship across Africa, fostering collaboration, and mobilizing resources to address the continent's most pressing challenges. Overall, the summit provided ample networking opportunities for the Fund team to share insights, build on the database and interact with various target audiences.