The Frontier 100 Forum, held in New York, October 26-27, helped to lay the foundation for greater investment in Africa. CEOs from 10 African countries and the United States engaged with financial investors and executives from multinational corporations (MNCs) in a number of focused discussions to increase investment in Africa.
All participants agreed that now is the time to invest in Africa. Frontier 100 members developed relationships with financial investors and MNC executives and shared their knowledge of investing and working in Africa to inform decisions about expansion and investment opportunities.
Concurrent with the forum, on October 28, senior officials from USAID joined Frontier 100 CEOs to discuss opportunities for private investment alongside public commitments to advance African agriculture.
Frontier 100 member Brian Herlihy, CEO of SEACOM, shared his view of Kenya’s business climate in an interview with the Daily Nation after the forum. He described Kenya as “very open” and noted that Frontier 100 CEOs from U.S. and European companies shared his positive perception.
Moving forward, Frontier 100 will take concrete steps to support investments through recently formed sector groups including agriculture, infrastructure, ICT and financial services.
