WHO WE ARE
The African Entrepreneurs Congress (AFRENCO) is a non-governmental organisation conceived to unlock the economic potential of underserved youth – enabling them to economically contribute to the development and expansion of the industrial infrastructure in Africa. As the forward-thinking Enterprise and Supplier Development (ESD) network for co-operative industrialists, the organisation connects the broad mass of young people to adequate business support, developmental funding, mentoring and training opportunities with a goal of equipping them with the skills, knowledge and resources needed to run profitable and sustainable co-operatives. Our foremost objective is to empower today’s youth become the high-impact entrepreneurs of tomorrow who will craft and lead the economic, industrial and social renaissance of a new, digitized and integrated Africa.
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AFRENCO was launched in 2011 to spark the spirit of youth co-operative entrepreneurship in Africa and to empower underserved youth who want to start, develop and run own businesses. The organisation seeks to establish strong relations with government departments and the private sector corporations that are concerned with entrepreneurial development of young people – making their expertise and resources available to youth-owned-and-managed co-operatives. Through ESD initiatives and media campaigns, AFRENCO intends to bring together all actors of public-private partnerships; as well as international embassies, philanthropic foundations, civil society and the academic sector. We pre-screen and select aspiring industrialists across Africa for the enrolment at our ESD incubator, The Biz Turf – where they have access to shared office facilities, mentoring and training, technology systems, machinery and equipment. Impact Reports is released annually by AFRENCO outlining any activities or progress on collaborative efforts of the organisation and its Network Partners.
AFRENCO aims to integrate young people into the mainstream economy in Africa. Through our ESD initiatives, we address the economic challenges faced by underserved youth and provide them with critical entrepreneurial support needed to build and grow their own industrial co-operatives. We service the rural and peri-urban communities where this need is often greatest. Our transformative model is about promoting youth co-operative entrepreneurship across Africa – building a robust, inclusive ecosystem and sustain youth job-creation opportunities. We want to create strong ties between governments and the private sector corporations working towards similar goals of empowering future industrialists and emerging visionaries of global entrepreneurship.
AFRENCO has a special position on the continent as it is the main voice of the next generation of industrialists of the African economy. Our ESD initiatives below are an exciting way to link us with your company’s business objectives:
Trade Exchange Week is a series of cross-border ESD Youth Summits convened to train, inform and equip young people with specific skills on how to start, develop and run sustainable co- operatives in agriculture, energy, infrastructure, mining, tourism, transport, retail and technology. The Summits provide an opportunity for underserved youth to gain business skills; deepen industry knowledge; debate and formulate new innovative solutions; and to tradein key sectors of the African economy.
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Enterprising Youth is a quarterly ESD magazine published to inspire and enlighten a dedicated readership of emerging industrialists in Africa. The magazine is available in digital and print formats – delivering the best practices, tips, tools, strategies and perspectives about the world of co-operative entrepreneurship. It also spotlights trade-related opportunities and positive commentaries on Africa’s greatest entrepreneurs who run successful companies and conglomerates of their own.
The Biz Turf is the only township-and-rural-based ESD incubator in Africa offering shared office facilities, mentoring and training, technology systems, machinery and equipment to youth-owned co-operatives. Other offerings include facilitating compliance accreditations with various industry regulators; company registrations and BEE verifications; as well as online tax, accounting and auditing services. The incubator also allows the public and private sector institutions to conduct business with approved suppliers in a confident manner knowing that their signed service agreements will be sustained and the promised project delivery will materialize repeatedly, on time, on specifications, and within costs.
Growfund is the venture capital partnership that manages the outsourced ESD budgets on behalf of the most respected foundations, listed companies and multinationals. The fund’s flagship product, The Co-Operative Finance, is structured to provide funding to youth-owned co-operatives that have the high-growth potential to deliver superior earnings. Other products, The Project Procurement Finance and The Invoice Discounting Finance, are both designed to effectively invest ESD budgets to a portfolio of high-calibre that have secured the government contracts in agriculture, energy, infrastructure, mining, tourism, transport, retail and technology.
AFRENCO in partnership with top YouTube channels and major fashion brands launched Mogulz Merchandise to help the organisation become financially self-sustaining. The goods includes a corporate clothing line and an inspirational online video network. We interview some of the world’s greatest entrepreneurs and upload their videos online to inspire prosperity in Africa. They also endorse our clothing line during and post the interviews. The profits generated from the apparel sales and monetized YouTube videos enables us to fund the infrastructure of our research and training facilities.
RESEARCH AND TRAINING
Our Academy Hub operates under The Biz Turf ESD incubator. Established to improve skills deficit in Africa, the Hub offers high-level training courses in agriculture, retail, energy, transport, mining, tourism, infrastructure and technology. As a partnership between AFRENCO and twelve leading African universities, the Academy Hub is the bridge between academics and young co-operative industrialists – translating cutting-edge higher learning research into applied industry expertise.
To bring change to Africa’s economically disadvantaged communities, AFRENCO manages and invests the Enterprise & Supplier Development (ESD) budgets on behalf of the local and global corporations. This not only enables the organisation to become financially self- sustaining, but also help us to reach the most remote areas in Africa – bringing the education and opportunity to the underserved. Email us at email@example.com and work with us to close the opportunity gap while creating a brighter future for young people in your preferred African region!