Dortmund (Germany), February 2018. This week, GreenTec Capital team members attended the German African Economic Forum – North Rhein Westphalia (GAEF NRW) in Dortmund and the Ghana Business Forum (GBF) in Berlin. Karl Rheinberger, Peter Grouev, and Moses Acquah were at the GAEF NRW in Dortmund, and later Moses attended the GBF in Berlin.
The Forum was hosted at the Dortmund Chamber of Commerce and Industry with the goal of promoting economic cooperation between companies in the area and Africa. The Forum brought together more that 350 companies, 15 diplomats, as well as German and African policy makers to further promote economic ties between Germany and Africa and to help spur private investment in African countries. The forum’s keynote guest was HE Nana Akufo-addo, President of Ghana, who spoke on his vision of developing African economies with a strong middle-class and promoting mutually beneficial ties between Germany and Ghana. The Ghanaian President was in Germany for a state-level visit, which included working with Chancellor Angela Merkel on issues related to the G20 Compact with Africa, economic cooperation, migration, as well as other international issues.
The GreenTec team was very present at GAEF with Karl Rheinberger attending as a speaker and Moses Acquah attending as a mentor to the Make IT in Africa Program. Karl spoke on the “Digital Economy Best Practice Inputs” panel presenting GreenTec’s perspectives on investment opportunities in the African start-up tech segment. His talk highlighted how African start-ups differ by creating markets through their innovations, rather than disrupting existing ones, and the hand-in-hand relationship between impact and locally developed solutions. The panel produced lively and informative discussions.