spot_img

A Billion Start-Ups Program Hosts Meet-Up At Nairobi Securities Exchange

Date:

NAIROBI, Kenya- In a move to bolster startup success rates, the A Billion Start-Ups (ABS) Program recently organized a Learners and Experts Meet-Up at the Nairobi Securities Exchange (NSE). 

This initiative aims to bridge the gap between budding entrepreneurs and seasoned industry veterans, facilitating a crucial exchange of knowledge and strategies for enhancing startup stability and success.

https://twitter.com/abstartups/status/1799417816023794071

Bridging the Gap: Founders Meet Veterans

The event provided a unique platform for aspiring founders to gain insights from experienced entrepreneurs, thereby fostering a supportive community dedicated to nurturing startup growth. 

According to Statista, Africa’s average startup failure rate stands at 54pc, with stark differences across countries. 

In Ethiopia and Rwanda, a staggering 75pc of startups fail, while Kenya boasts a significantly lower rate of 24pc. 

This success can be attributed to strong support from both the government and corporate sectors.

“As innovators, the entrepreneurship journey is uphill. Platforms like ABS are crucial for learning, networking, and positioning your brand for excellence,” noted Avril, a program participant and founder of My Everything by Avril. 

The Power of Support Systems

Launched in 2017, the A Billion Start-Ups Program focuses on building capacity, fostering community, and preparing entrepreneurs for capital investment. 

The program places a special emphasis on youth and women-led startups, aiming to transform Africa’s economies by nurturing these entrepreneurs, helping them grow, succeed, and excel.

“In today’s competitive business environment, a strong support system is paramount for the success of any startup. While passion and innovation are essential, guidance from experienced mentors can be the game-changer,” said Mary Njoki, Founder of the A Billion Start-Ups Program. 

This highlights the crucial impact of mentorship and community support in navigating the challenging startup landscape.

Fostering a Thriving Entrepreneurial Ecosystem

By offering access to expert guidance and fostering a supportive community, ABS is committed to nurturing a thriving entrepreneurial ecosystem in Kenya. 

Currently, the program supports a cohort of 30 entrepreneurs across various industries, empowering aspiring business leaders to turn their ideas into successful ventures.

George Ndole
George Ndole
George is an experienced IT and multimedia professional with a passion for teaching and problem-solving. George leverages his keen eye for innovation to create practical solutions and share valuable knowledge through writing and collaboration in various projects. Dedicated to excellence and creativity, he continuously makes a positive impact in the tech industry.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Trending

More like this
Related

Sylvia Mulinge: From Safaricom to MTN Uganda’s Top CEO

NAIROBI, Kenya – Since stepping in as CEO of...

Shazia Majale: Trump’s Foreign Aid Cuts A Wake-Up Call for Entitled Governments

NAIROBI, Kenya – The effects of United States President...

Kenya Confirms New Mpox Case as Total Rises to 38

NAIROBI, Kenya - Kenya has recorded a new case...

Raila Odinga Visits Family of Late Journalist Leonard Mambo Mbotela

NAIROBI, Kenya - Former Prime Minister Raila Odinga on...