Kenya Prepares to Host Sankalp Summit as Event Seeks to Accelerate African Development through Ambitious Alliances

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Nairobi, Kenya’s capital city is set to host a high-profile event dubbed the Sankalp Africa Summit this month that will bring together more than 1,000 impact investment stakeholders to build partnerships in a bid to accelerate development in Africa.

The affair, which is marking its sixth annual edition, will be held on February 21st and 22nd at the Kenya School of Monetary Studies (KSMS) in Nairobi. The venue will host more than 100 speakers across its plenary sessions and side events.

These include speakers from Sankalp’s founding partners Shell Foundation, Triodos Investment Management, USAID, Argidius, the forum’s track and knowledge partners Mastercard Foundation, Swiss Development Corporation, BMW Foundation, Siemens Stiftung, IDRC, AHL Venture Partner, World Resources Institute and the Athena Global Alliance.

“Unusual alliances have been identified as the future trend to watch by the World Economic Forum, offering the potential to amplify the impact of every entrepreneurial engagement,” said Jeff Aludo, Regional Africa Director for Intellecap, an investment services group that empowers entrepreneurs and the organisers of the Sankalp Summit.

“This year’s summit themed ‘Accelerating Unlikely Alliances to Build an Inclusive Africa’ is thus all about building an enabling ecosystem for entrepreneurs,” he added.

In assessing the impact of unusual alliances, the 2018 World Economic Forum (WEF 2018) reviewed the programme launched by vehicle manufacturer Ford, with a Silicon Valley technology hub and companies Lyft and Chariot, to break into new materials and technologies for self-driving cars.

“In Africa, we likewise have proof of the power of our emerging ‘unlikely alliances’,” said Aludo.

An Intellecap initiative with the Global Alliance for Improved Nutrition (GAIN), founded by philanthropy group, the Bill & Melinda Gates Foundation, identified private sector companies that could help tackle malnutrition and organised investment connections for them.

Intellecap has likewise worked to achieve investments in an initiative known as Motherband, which was invented by Kenyan midwife Peter Mwangi to prevent the death of new-born babies through monitoring using minimal resources, and with Unilever to achieve access channels and business models to distribute water purifiers to low-income consumers.

At the event, Intellecap will also be announcing its Sankalp Africa Awards at the summit, with 10 high impact enterprises from across the region pitching for the awards in presentations moderated by Kenyan TV and radio host Jeff Koinange.

The summit will also raise investment for entrepreneurs, offer networking with over 1,000 global leaders, secure collaboration across investors, corporations and governments, and provide insights into entrepreneurial opportunities through research, publications and sector-focused workshops.

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