South Africa announced as best overall celebration for 2023

at the World Business Angels Investment Forum’s (WBAF) investors week.

By JOHAN VERMEULEN

Published Friday, 30 June 2023, 13:48 PM SAST

“A brighter future economy depends on entrepreneurs.”

Not only did South Africa Win the World Business Angels Investment Forum (WBAF) Global Investors Week 2023 – “Best celebration of the World Award,” but Fio Capital’s Vice president Phillip J. Mostert also received the “International Leader Award” as Country Chair and Senator for South Africa 🇿🇦 in the World Business Angels Investment Forum (WBAF), an affiliated partner in the G20 Global Partnership for Financial Inclusion (GPFI).

The World Business Angel Investors Week 2023 is a global platform from which to campaign for solutions to critical issues of early-stage equity and capital markets, startup economies and other worldwide concerns at the: United Nations, the European Union, the ASEAN Economic Community, the OECD and in G20 countries.

The World Business Angels Investment Forum (WBAF) supports the development of global entrepreneurship and advocates, that entrepreneurs play the most crucial role in shaping the future of local economies for a number of reasons.
Entrepreneurs are innovative and creative, introduce new products, services and business models that can revitalize local industries.

By developing and supporting entrepreneurship, this naturally leads to much needed job creation, increased productivity, economic growth, prosperity for all people and alleviating global poverty.

Entrepreneurs know how to solve problems!

Overcoming Entrepreneurship Challenges in Africa

Of course, there are challenges that need to be overcome in order to fully realise the potential of entrepreneurship in Africa. Access to finance remains a major issue for many entrepreneurs, particularly those operating in more remote or rural areas. There is also a need for greater support and mentoring for those who are just starting out in business, as well as for more established entrepreneurs who are looking to scale up their operations. Fio Capital provides these crucial services and more.