OVO Business Club Africa - Meet, Greet & Share

Be inspired by promising sustainable African entrepreneurs! Join us on March 9, 2020 for the first OVO Business Club Africa.
 
For a few years now OVO has been supporting and selecting African Entrepreneurs with social loans and business savvy know-how for good governance and running of their local entities. 
 
OVO is primarily staffed with seasoned Belgian business leaders and Business Angels who are selflessly giving their time and resource for the betterment of African entrepreneurs in launching and growing their local businesses in their countries. 
 
We therefore have the pleasure of introducing to you a few of our recently qualified SusTech4Africa competitors in Uganda and Rwanda.  They will present their projects to you at the venue mentioned below.
 
It will be an enlightening experience for all attendees, as it will highlight OVO’s work in Africa and you will also get a chance to meet these Entrepreneurs in person.
 
The African Entrepreneurs attendees will attend:
  • BAG Innovation (Rwanda): Digital platform that connects the academic and business sector 
  • Netot Lab (Rwanda): Smart gas manager 
  • Crop Tech (Rwanda): Solar-powered 'drying services' for maize farmers
  • Rena Beverages (Uganda): hibiscus-based drinks 
  • Clinic Master (Uganda): Digital tools to optimize the management of hospitals
  • Tukole UG (Uganda): online market place of business and services 
  • Akaboxi (Uganda): Digital financial inclusion 
  • Trautbuck Energy (Uganda): Biofuel machinery and training 
  • Innovex (Uganda): Monitoring of solar systems 

Programme
  • 7:00 PM          Welcome
  • 7:30 PM          Testimonials OVO Entrepreneurs 
  • 8:00 PM          Investor pitches
  • 9:00 PM          How can Belgian companies and social business investors contribute?
  • 9:10 PM          Networking

Venue
Roularta Media Group
Z.1. Research Park 120
1731 Zellik
SusTech4Africa
Given the prevalent African situation for Micro and Small Entrepreneurs (MSME), they typically have little to no access to capital, expertise and technology. Thus, hampering the launch of valuable promising initiatives from local entrepreneurs. In response to that, OVO, has designed a process to detect and bolster initiatives for impactful growth. 
 
OVO organizes a quarterly ‘boost camp’ that boosts the business ideas of selected African entrepreneurs and their experiences as well. The host countries to date are Rwanda, Uganda, Senegal and Belgium (for the African Diaspora projects). Following the 3-day boost camp, the collaboration continues ‘from a distance’. Belgium OVO experts then work with their ‘approved’ entrepreneurs to ensure optimization of the business model and develop an ambitious but achievable business plan with a sound financial plan. It takes an average of six months to make it investment ready. Following the investment, dedicated OVO experts then follow up and supervise the growth of the investee company. Hence, we work together to achieve mutual success!
 
Investment opportunities
All involved parties, consisting of the Entrepreneurs, Social Business Investors, Belgian Companies, etc. can support their selected African MSME by financing a social loan. OVO will facilitate this collaboration by:
  • Create a contract proposal.
  • Advice on the financial conditions attached (e.g. Interest rate, repayment terms, grace period, etc.).
  • Following up and advising the local company during the term of the loan.
  • Provide expertise to realize the anticipated growth. This expertise can relate to both to the development and management of the initiatives (project management, financial expertise...) and to technical support.
Both parties gain from their respective involvements. A good example is the inspirational innovative power of African entrepreneurs. They are master in creating more prosperity with less input and in tackling social challenges. Belgian companies can also gain from this collaboration through the creation of a genuine CSR story (important for employer and customer branding), the increase of stakeholder involvement, knowledge building of future markets etc.
 
Target group
OVO’s primary effort is to focus on small businesses with a strong African social dimension.  Hence, the maximum funding requirement has been set to EUR 50,000 with a three year clause of achieving profitability. Ideally, the business idea should incorporate the usage of sustainable technology or contribute to a more sustainable society via technology. 
 
OVO Business Clubs
OVO facilitates peer to peer learning locally with the establishment of OVO Business Clubs within the focus countries. Alumni of the boost camps and other partners can join to share knowledge and experience with each other.