NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Africa has always had a leadership position in ICT and Technology, but increasingly activity by Small and Medium Enterprises (SMEs) in sectors like healthcare, clean energy, agriculture and financial services is booming. Over US$ 5 bn is currently available in private equity dry powder – if tapped; it has potential to play a catalytic role in the continent’s growth. To support the growth of such SMEs, Intellecap, an India based advisory firm has expanded Sankalp Forum, one of the world’s largest SME focused platforms to Africa. Shell Foundation and UKaid are supporting this expansion.