About OPPORTUNITY AFRICA ENTREPRENEURSHIP FORUM

It was in 2017 that a team of youths realized need of an intensive program dedicated to brewing up young entrepreneurs from across the globe since most of the events on entrepreneurship at that time were dedicated to existing entrepreneurs rather than creating new ones. Giving the realization a form of event, the team designed and organized the OPPORTUNITY AFRICA ENTREPRENEURSHIP FORUM (OAEF) from September 2nd to 4th, 2017 in Addis Ababa, Ethiopia.

OPPORTUNITY AFRICA ENTREPRENEURSHIP FORUM was introduced as a 6-day educational/leadership session designed for the youth. OAEF brought together many young innovative minds from around the world and placed them on a common platform to innovate and create new businesses through collaboration. The primary aim of OAEF has always been to provide participants an overwhelming lifetime experience to develop the necessary entrepreneurial skills to start their own venture. OAEF is the platform to interact with mentors, successful entrepreneurs who are willing to hear what budding entrepreneurs are thinking of and guide them on the right path to making a successful startup.

OAEF is an incredible opportunity to be exposed to new cultures and perspectives, both entrepreneurial and otherwise. It is also an opportunity to exchange and share ideas with other participants. OAEF creates an environment where people from all backgrounds can create, innovate, collaborate and compete in a friendly atmosphere.

The success of the first edition of the bootcamp led to the second edition being organized in Durban, South Africa from January 15th to 20th, 2018. Likewise, the third Bootcamp hosted around 160 participants from 35 different countries in Lagos, Nigeria from 2nd to 7th July, 2018. The fourth edition of OAEF was held in Addis Ababa, Ethiopia from 17th to 22nd December, 2018 which brought together more than 150 participants from 17 different countries. The fifth edition of OAEF was held in Johanesburg, SA from 27th to 2nd July 2019 which bought together more than 160 participants from 28 different countries.

Known for its contribution in flourishing the culture of entrepreneurship and innovation, OAEF in its 5th edition gave special priority to the new dimension in the entrepreneurial ethos called 'social entrepreneurship' in this edition. Professor Muhammad Yunus—a Bangladeshi social entrepreneur and Nobel laureate—was the keynote speaker for the Bootcamp.

OAEF has grown successively in all the editions. The event has grown from an educational and leadership session on entrepreneurship to a bridge connecting the innovative minds and global investors by the fifth edition. In each successive edition, OAEF has constantly updated and revised its format in order to make it simpler for young minds, keeping its originality unharmed.

OAEF is a program focused on imparting entrepreneurial education, with special emphasis on Asian and African countries where entrepreneurship is just a new term.

Entrepreneurship development is primarily aimed at youth in technical training institutions but is now being expanded to include the Universities. It involves introducing youth to entrepreneurship education with the aim of getting them to think about entrepreneurship and the role of business entrepreneurs in economic development. They also get an opportunity to analyze the difficult employment situation in Kenya and are encouraged to consider self-employment as a career choice. Stacked up against such a choice are many examples of business failures in the community, negative attitudes towards business, and misconceptions about what makes a business succeed (the common view is that all you need to succeed is 'capital).

Why OAEF?

In the sea of events, you might have confusions about which to attend and which not to. Thorough research on a particular event on aspects like its fitness for you, its contribution to your growth, and its content is important for you to decide on this matter. If you are interested in innovation and entrepreneurship, there cannot be an event better than OAEF for you. We have not introduced this widely participated event just for those who want to be an entrepreneur. OAEF is for those who desire to transform their thoughts into actions.

The first and foremost reason for anyone to join the OAEF is its guidance to innovative minds on how they can transform their innovative ideas into a business model. In the OAEF, you can learn the knowhow of entrepreneurship in multiple ways. We provide you with training sessions on how to manage your thought process when you are brainstorming on an idea, how to groom that idea into the one that fits the market, and how to finally shape your idea into a business. You will be equipped with complete understanding about the supply chain in entrepreneurship.

OAEF has recognized team work as an important part of success. Therefore, after the training in OAEF, you will form teams in order to work on an idea agreed by the members to eventually design a sustainable business model. The best models are awarded. The real opportunity is here. OAEF invites investors and incubators from across the world who can fund your business model if they find it fit for the market. Business models have already seen success in the market includes “Crumblyy”(a business model presents short form content in 15+ categories, including technology, health and fitness, food and drinks, lifestyle, fashion, relationship, DIYs, parenting, money savers, among others), “Angaza Elimu” (a concept based on the use of Augmented Reality (AR) in educational sector by changing the way one learns), “ Appli” (A tech driven and cost effective platform with integration of deep learning and data analysis platform where a user can practice and improve interview skills and communication skills), “Precisely”(a mobile platform that make both academic and professional opportunities easier to grab with the help of machine learning),”Chyine(Chyang)”(a traditionally made alcohol revived for commercial purpose), “Guliyo”(an idea on marketing of traditionally made sweets in the eastern hills of Botswana).

For your flexibility, you can form teams of your choice in the OAEF. We believe that everybody may not be able to work with anybody. So, you will have an opportunity to interact with like-minded people from across the globe and work with them. So, OAEF can be a platform for you to grow your network and meet the potential partner with whom you can work to expand start-up in different countries across the globe.

The OAEF brings successful entrepreneurs and specialists from various parts of the world as guest speakers. They will talk about their experience in the journey of entrepreneurship and the ups and downs they have faced along with guiding suggestions for you.

OAEF invites successful joint venture companies, venture capitalists and angels every year who are the potential investors for your business ideas. So, you can enter the network of innovative minds, successful entrepreneurs, entrepreneurial educators and mentors, investors, and incubators from all over the world that the OAEF has been building ever since its inception. We believe that this network is going to be with you throughout your journey as an entrepreneur. The international exposure that OAEF provides can be vital for your personal as well as interpersonal growth.

Ideas pitched in OAEF have raised more than ten million US Dollars funds from investors so far. OAEF has also grown to be the largest start-up ecosystem in Asia and Africa.

Further, OAEF has introduced a platform for the participants of OAEF called OAEFx where some selected participants of the Bootcamp share their entrepreneurial journey. The OAEFx aims to showcase the inspiring and motivational journey of the entrepreneurs.

You seriously need to join the OAEF if you are among the innovative minds looking for an opportunity to learn, explore, and grow internationally. There might have been times that you had a brilliant idea, but could not work on it. Do not let that happen again.

OAEFx

Success is a challenge in entrepreneurship. Only one out of ten startups sees a success in the market, according to the Fortune Magazine. In order to inspire the participants, a special session 'OAEFx' has been introduced from the fifth edition of OAEF.

OAEFx is a gathering of entrepreneurs during OPPORTUNITY AFRICA ENTREPRENEURSHIP FORUM where some selected participants of the Bootcamp share their entrepreneurial journey. The OAEFx aims to showcase the inspiring and motivational journey of the entrepreneurs.

OAEF believes experience is the best teacher, hence, OAEF provides the platform of OAEFx to the growing entrepreneurs so that they can share their roller-coaster journey.

'OAEFx', for the first time introduced in OAEF 2019 South Africa, featured seven successful entrepreneurs who shared their journey to success. The new session intended to inform the participants about the role of failure and success in the startup journey.

Kenya

Kenya, officially the Republic of Kenya, is a sovereign state in East Africa. The capital and largest city is Nairobi. Kenya lies on the equator with the Indian Ocean to the south-east, Tanzania to the south, Uganda to the west, South Sudan to the north-west, Ethiopia to the north and Somalia to the north-east. Kenya covers 581,309 km² and has a population of about 44 million in July 2012. The country is named after Mount Kenya, the second highest mountain in Africa. Mount Kenya was originally referred to as "Mt. Kirinyaga" by the indigenous people. "Kirinyaga or Kerenyaga, meaning ‘mountain of whiteness’ because of its snow capped peak"; The name was subsequently changed to Mt. Kenya because of the inability of the British to pronounce "Kirinyaga" correctly. The country has a warm and humid climate along its Indian Ocean coastline, with wildlife-rich savannah grasslands inland towards the capital. Nairobi has a cool climate that gets colder approaching Mount Kenya, which has three permanently snow-capped peaks. Further inland there is a warm and humid climate around Lake Victoria, and temperate forested and hilly areas in the western region. The northeastern regions along the border with Somalia and Ethiopia are arid and semi-arid areas with near-desert landscapes. Lake Victoria, the world's second largest fresh-water lake and the world's largest tropical lake, is situated to the southwest and is shared with Uganda and Tanzania. Kenya is famous for its safaris and diverse wildlife reserves and national parks such as the East and West Tsavo National Park, the Maasai Mara, Lake Nakuru National Park, and Aberdares National Park. There are several world heritage sites such as Lamu, and world renowned beaches such as Kilifi where international yachting competitions are held each year.

Nairobi is Kenya’s capital city. In addition to its urban core, the city has Nairobi National Park, a large game reserve known for breeding endangered black rhinos and home to giraffes, zebras and lions. Next to it is a well-regarded elephant orphanage operated by the David Sheldrick Wildlife Trust. Nairobi is also often used as a jumping-off point for safari trips elsewhere in Kenya.

Entrepreneurship in Kenya

The 21st century has brought about numerous digital enhancements, and the financial industries have acquired the advantages accordingly, with the trend-setting technology serving as a fundamental element in how transactions occur today. Kenya is no exception, with a population of over 50 million that is largely digitally savvy, the Kenyan FinTech ecosystem is fast becoming fertile ground for start-ups to gain momentum nationwide.

Entrepreneurship has been growing with lots of importance, both as concept and activity in Kenya. The establishment of the “The Ministry of Entrepreneur Development” clearly showcases the importance that the government places upon the issue of entrepreneurship and entrepreneur development. With the support of government agencies, venture capitalist, and accelerators, Kenya has become home to several huge companies. Kenya has seen a lot of raise in the economic status with the help of successful startups. Another aspect that favors entrepreneurs is the unique position of Kenya that entrepreneurs can be benefited from. Kenya is well poised for foreign companies to settle-in to take advantage of the SEACOM’s network and Kenya’s conductive infrastructure.