A Billion Startups Program organized a Learners and Experts Meet-Up at the Nairobi Securities Exchange (NSE) with the aim of helping them enhance their success rate.
The event aimed to bridge the gap between aspiring founders and seasoned industry veterans as well as facilitate vital exchange of knowledge to enhance startup stability and success.
According to Statista, the average startup failure rate in Africa is 54pc, with significant variation across countries.
In Ethiopia and Rwanda, 75pc of startups cease operations, while Kenya boasts a much lower failure rate of 24pc. This success is largely due to robust 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,” said Avril, a program participant and founder of My Everything by Avril.
Launched in 2017, the A Billion Start-Ups Program focuses on building capacity, fostering community, and preparing entrepreneurs for capital investment, with a special emphasis on youth and women-led startups. The program aims to transform Africa’s economies by nurturing startup 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 A Billion Start-Ups Program.
By offering access to expert guidance and fostering a supportive community, A Billion Start-Ups Program is committed to nurturing a thriving entrepreneurial ecosystem in Kenya.
Currently supporting a cohort of 30 entrepreneurs across various industries, the program empowers aspiring business leaders to turn their ideas into successful ventures, contributing to economic growth and innovation.
