About Us

While India and Africa share deep historical, commercial, and cultural ties, their startup ecosystems have yet to be connected in a meaningful way. Doing so presents a tremendous opportunity to harness the creative capacity of entrepreneurs in both regions to work together to solve common and pressing problems. This is the mission of the India-Africa Entrepreneurship Forum (IAEF)

Africa’s fifty-four states produced a combined GDP in excess of US$3.2 trillion - almost the same as India. The economic growth of the continent that is estimated to be 3.2 percent in 2018 also houses six of the world’s fastest-growing economies. The World Bank estimates Ethiopia will grow at 8.2 percent, Ghana 8.3 percent, Cote d’Ivoire 7.2 percent, Djibouti 7 percent, Senegal 6.9 percent, and Tanzania 6.8 percent this year.

At 414 million Africa has the size of an urban population larger than India’s 377 million. Internet penetration rate, matching those of India, is expected to contribute US$300billion to Africa’s economy in the next decade (2016 to 2025).

With a nominal 2017 GDP of US$ 2.4 trillion, India is the third largest (on a PPP basis) and the fastest growing large economy in the world at 7%. Its ICT and BPO Sector contributed about US$150B to its export.

India is also the third largest StartUp Hub ( Source Business Standard) in the world with 4,200 startups at the end of 2017.

Africa, on the other hand, is home to about 156 Startups ( in 2017) that received a combined investment of US$196M ( Source - Disrupt Africa). Indian Startups in comparison received US$14B in investment over the same period.

India and Africa are well poised to partner each other in their StartUp activities providing bilateral knowledge, funding and market opportunity to its early stage enterprises, thereby strengthening existing efforts in increasing trade and development between the two economies.

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