Home Featured News Keynote Africa hosts 4th annual Africa Business Innovation Forum in Accra

Keynote Africa hosts 4th annual Africa Business Innovation Forum in Accra

Held under the theme "Guiding through Uncertainties: Fostering SME Success in a Dynamic Economy," the event brought together key players from across the continent to discuss how education, science, technology, and innovation are driving Africa's transformation.

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Keynote Africa, in partnership with First National Bank and MTN, has organized the 4th annual Africa Business Innovation Forum (ABIForum) in Accra. The forum aims to develop solutions to address developmental challenges such as poverty, health, energy, and water and food security.

Held under the theme “Guiding through Uncertainties: Fostering SME Success in a Dynamic Economy,” the event brought together key players from across the continent to discuss how education, science, technology, and innovation are driving Africa’s transformation.

The Africa Business Innovation Forum exists to provide a platform for leading conversations, discussing key issues, and offering solutions to enhance the development of the economy. Speaking to MX24 TV on the sidelines of the event, keynote speaker and Country Senior Partner for PwC Ghana, Vish Ashiagbor, urged Small and Medium Enterprises (SMEs) to adopt the VUCA framework to ensure their businesses thrive in today’s dynamic environment.

Mr. Ashiagbor shared his insights on the VUCA framework, which stands for Volatility, Uncertainty, Complexity, and Ambiguity. “VUCA is a framework that seeks to demonstrate that the world around us is volatile, uncertain, complex, and ambiguous,” Mr. Ashiagbor explained. “Businesses, whether large, small, or micro, must plan for these developments. It’s a way of thinking about the environment and being prepared.”

Mr. Ashiagbor highlighted the universal applicability of VUCA principles, particularly for SMEs. He stressed the necessity for businesses to remain adaptable, noting that today’s effective operating models may not be viable tomorrow. “The idea is that for any business, as we’re discussing at this conference, think about different scenarios and possibilities,” he said.

Mark Acheampong, Head of Commercial Banking at First National Bank, emphasized the bank’s dedication to providing essential financial support and advisory services to help SMEs thrive. “Financing is a primary concern for most SMEs, and we are proud to offer financing solutions that are both accessible and affordable,” Acheampong announced. “We provide financing within approximately three days, without requiring financial statements or collateral, making it easier and cheaper for SMEs to secure the funds they need.”

Acheampong highlighted the bank’s innovative approach to SME financing, which leverages existing banking relationships to assess and approve loans. “All we require is a relationship with First National Bank. We use your banking records with us to make available that financing,” he explained.

In addition to financial support, First National Bank offers comprehensive advisory services through a dedicated business hub staffed with knowledgeable advisors. These experts are available to assist SMEs in managing their businesses effectively and navigating challenges. “Our advisors are always available to help our customers manage their business better,” Acheampong said.

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