Kafeero Foundation focuses on fourth industrial revolution

November 7, 2019 in Business, Investment, Technology & Telecoms by Editor

Kafeero wants to bring together about 1,000 top market players.

Kafeero Foundation, a social enterprise organization, will hold its annual ‘Power the Next’ event on November 16 in Kampala to showcase Uganda’s progress in implementing the fourth industrial revolution.

Four years ago, the World Economic Forum defined the fourth industrial revolution as the current and developing environment in which disruptive technologies and trends such as the Internet of Things (IoT), robotics, virtual reality (VR) and artificial intelligence (AI) are changing the way we live and work.

‘Connecting Business to Capital’ is the theme of the upcoming gathering. “While we aim at shaping inclusive growth and shared futures in the fourth industrial revolution, our focus now is to bring together about 1,000 top market players and leaders to share ideas, network, connect, learn and invest as a way to make this journey a reality.” During the press briefing by Azizi Kafeero, the founder of the organisation during midweek.

Discussions will focus on bringing together personalities that drive Uganda and Africa’s economic growth to discuss best practices and opportunities that Africa entrepreneurs can tap into to resolve the continent’s most pressing problems like unemployment that currently runs between 29.1 pc and 30 pc.

He said “Kafeero Foundation has consistently provided the platform and inspiration to help Ugandan and African young business minds to nurture their dreams and take their innovations and enterprises to the next level. This is what is needed to be done to cut down on the unemployment margin in Africa. During this event five awards and seed capital will be presented to some of the best innovative start-ups and entrepreneurs.”

In the run-up to the event several activities have been taking notably training sessions for selected business owners on how to incorporate technology into their enterprises to ensure growth and sustainability.  Newton Karera, the Kafeero Foundation Executive Director said, “This is a time to enhance Uganda’s startups through celebrating those that have been in the market between one and four years. The purpose is to develop and support the innovation ecosystem through teaching, connecting, sharing and bonding as entrepreneurs.”

Kafeero tries to equip mostly young people with the skills and tools to become job creators, enabling them to establish successful and sustainable businesses. The organization supports employability, enterprise and innovation.

Karera said, “We have also tapped into the grassroots of our education with our partners the Global Peace Foundation and Aspire Education Group to address critical topics that drive our education in Uganda. We shall be in position to present a short solutions report that will detail strategies and initiatives that can improve and transform Uganda’s education structure. This will be an all-round event that will look at the innovation eco-system in its entirety.”