Nomanini's CEO Vahid Monadjem participated in a high-level panel at this year's Business in Africa conference, speaking on the session "Technology Entrepreneurship: Creativity Under Constraint."
Joined by Adam Green, Senior Reporter at Financial Times, This is Africa and CEO's of leading organisations in the space, the panel focused on technology entrepreneurship in Africa and asked it's speakers to recall creative means and approaches when faced with typically reported African constraints in their ventures. The objective of the panel was to alter perceptions through shared dialogue, expose effective strategic approaches to venturing in the African context as well as showcase, through the stories of the speakers, that work can be done, despite constraint.
The Business in Africa conference is organised by The Cambridge Africa Business Network (CABN) which is a Cambridge alumni and student led initiative to promote networking and dialogue about business in Africa.
The 2013 conference, with delegates representing over 30 countries, took place on 15 June and was hosted by the University of Cambridge's Judge Business School. Under the theme Africa: Converting Opportunity into Success, the conference explored both new opportunities and stories of what Africa has done right through panels on finance, law, investment, entrepreneurship, and logistics.
In 2010, McKinsey estimated that the number of African households earning US$5,000 will have grown by 80 per cent between 2000 and 2014 and that the consumer market currently at US$160 billion, will grow to about US$1.8 trillion by 2020. After over ten years of high growth, Africa is no longer just a land of opportunity, but a region full of success stories. These projections raise new questions for business in Africa and the importance of Africa as an investment destination is now increasingly recognised.
Nomanini, is an innovative technology start-up from Africa. It was selected to participate because of the clear value that this technology provides to people's daily lives by facilitating micro-payments in emerging markets.