Advertisement African Entrepreneurs Push for Greater Access to Local CapitalFounders and investors say unlocking domestic financing is key to scaling African businesses and reducing reliance on foreign capital.African entrepreneurs have called for stronger local financing ecosystems to accelerate business growth, urging greater access to domestic capital to help businesses scale and create jobs across the continent.The calls came during the inaugural AfriCANDo Inner Circle Breakfast, which brought together more than 60 entrepreneurs, investors and business leaders under the theme, Igniting Local Capital Funding Solutions.The forum examined the barriers that continue to limit access to finance despite the availability of significant pools of local wealth.Entrepreneurs Seek Better Access to Domestic CapitalSpeaking during the event, AfriCANDo Podcast Founder and Curator Leonard Mudachi said much of Kenyas available investment capital remains concentrated in a few sectors, leaving many entrepreneurs without adequate funding.While Kenya continues to attract investment, much of the available capital remains concentrated in a limited number of sectors and is often inaccessible to entrepreneurs building businesses across industries such as manufacturing, media, housing, food, retail and energy, said Mudachi.Stories open minds, but action requires more. It requires the right people, in the right room, having the right conversation at the right time.African Entrepreneurs Push for Greater Access to Local CapitalUnlocking New Sources of FinanceParticipants explored ways to strengthen connections between entrepreneurs and local sources of funding, including pension funds, SACCOs, family offices and retail investors.The discussions also highlighted opportunities within Kenyas capital markets, particularly financing instruments that remain underutilized by growing businesses.Mudachi said many entrepreneurs spend too much time seeking funding instead of focusing on business growth.We need financing solutions that understand African markets, value long-term growth and are willing to invest in businesses that are solving real challenges across the continent, he said.Building a Stronger Entrepreneurial EcosystemThe AfriCANDo Inner Circle Breakfast is part of a broader initiative to strengthen collaboration between entrepreneurs, investors and business leaders across Africa.Organizers say the platform aims to foster meaningful partnerships and conversations that support the growth of sustainable, scalable African enterprises while encouraging greater mobilization of local capital.The post African Entrepreneurs Push for Greater Access to Local Capital appeared first on Africa Business News.

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