Commonwealthy

Commonwealth Chamber

Everyone has heard of the Commonwealth, but many don't think much of it beyond it being an average block on the block. But the Commonwealth is so much more than that; a family of 53 diverse nations bonded together through a shared history, culture and understanding. During this podcast, join the Commonwealth Chamber of Commerce and invited guests as we discuss current events, impact pathways, and exciting new initiatives. read less
BusinessBusiness

Episodes

Capitalising Angel Investment Strategies For Commonwealth Africa's Startups
Nov 22 2023
Capitalising Angel Investment Strategies For Commonwealth Africa's Startups
Fadilah Tchoumba's discussion sheds light on the importance of corporate governance and the POEM framework for sustainable startup growth in Africa. ABAN, the African Business Angel Network, is a platform that connects angel investors and supports startups across the continent. The organization is involved in shaping institutional policies and developing legal frameworks for angel investment on the continent. This is crucial for the success and growth of startups in Africa. ABAN is also committed to supporting women-led startups and fostering gender diversity within the startup ecosystem. The diaspora network and Bridging Angel Network, based in France and the UK, are two examples of the organization's efforts to connect investors and create a pipeline of viable startups. The network provides opportunities for mentorship-driven capital, which helps de-risk investments and facilitates access to existing investors with experience and expertise. The digital sector is of particular interest to angel investors, with fintech leading in capital attracted. However, other sectors such as clean technology, agritech, and digital trade are also emerging and attracting significant capital. ABAN is committed to supporting startups in these sectors and ensuring they have the necessary support to grow and succeed. ABAN also partners with Zeitec to manage portfolio companies for exit strategies. This is a vital step for angel investors who invest in startups and need to exit. The partnership provides startups with the necessary tools and training for corporate governance and reporting standards, preparing them for an eventual exit. For investors, the partnership offers access to a portfolio management company that can facilitate mergers, acquisitions, or full exits. ABAN welcomes investors outside of Africa to join their network and benefit from mentorship-driven capital and access to viable startups. The organization provides support for those interested in establishing their own network and offers training to help investors understand the unique challenges and opportunities of angel investment on the continent. In conclusion, ABAN is a driving force behind the growth and success of startups in Africa. The organization's commitment to supporting women-led startups, shaping institutional policies, and fostering mentorship-driven capital is crucial for the sustainable growth of the startup ecosystem. Investors looking to invest in Africa can benefit from ABAN's network and expertise, and startups can leverage the organization's support to succeed and thrive.
Empowering Tomorrow: MSMEs and Sustainable Development in The Gambia
Nov 20 2023
Empowering Tomorrow: MSMEs and Sustainable Development in The Gambia
In this webinar, the Commonwealth Chamber of Commerce sits in conversation with the Hon. Abdoulie Njai, the youngest Member of Parliament in the National Assembly of the Republic of The Gambia. Njai discusses the expanse of his personal and professional journey that led him to the position, which he won as an Independent Candidate focussing on achieving promoting religious tolerance, gender parity, anti-corruption and regulation as well as great representation for youth in the domestic and international political decision making processes. The conversation revolves largely on the role of MSMEs (micro, small and medium sized enterprises) in the development of the country’s economy, accounting for 95% of businesses and employ over 60% the population and contributing about 20% to the country's GDP, and how the government is committed to better equipping them via initiatives to promote entrepreneurship and job creation, such as the National Employment Policy and the Gambian Agency for the Promotion and Protection of Investment. The conversation also revolves around the importance of technological innovation and internet accessibility to effectively and sustainably develop the agriculture, fishing and industrial sectors. Owing to the youthful population, Njai strongly expresses his belief that the incoming generations will become transform the future economy by harnessing Fintech and digital innovation. The Hon. Njai highlights the importance of the Commonwealth as a partner to The Gambia, with a call for increased technical and monetary assistance to strengthen bilateral ties and support the country's development, particularly in promoting MSMEs and addressing challenges like internet accessibility.
Trials and Triumphs of the Bangladesh Startup Ecosystem feat. Council of Global Startups
Nov 16 2023
Trials and Triumphs of the Bangladesh Startup Ecosystem feat. Council of Global Startups
In this webinar, the Commonwealth Chamber of Commerce invited two special guests from the Council of Global Startups for a discussion on the development of the Bangladesh’s startup ecosystem in the past five years. Our two speakers for this special event were Mahmud Hasan, Asia Pacific Director of the Council of Global Startups and CEO and Founder of the digital agency, Zovoteam; and, Yasserr Arafat, member of the Mentorship Panel of the Council of Global Startups and CEO and Founder of the Bangladeshi e-commerce platform Buy-now.biz. The discussion with Mahmud and Yasser provided valuable insights into how Bangladesh’s entrepreneurial ecosystem is rapidly growing with the support of the government and private sector investing in providing grants and venture capital funding for scalable startups. Mahmud and Yasser emphasised not only the importance of creating a friendly and flexible environment for startups to thrive in, is a core focus of the government's initiatives, but also the critical need for mentorship for budding startups. Citing issues ranging from misinformation, lack of documentation to lack of clarity in long term business plans and business scale-ups, our speakers deem this the biggest knowledge gap in the South Asian country’s ecosystem. Cross-border e-commerce is an area that faces challenges due to logistics and payment issues, but there are initiatives underway to address these obstacles. Mahmud and Yasser both emphasised the need for a global smart logistics system to improve the cost-effectiveness of cross-border e-commerce. They also acknowledge the importance of digital literacy in enabling entrepreneurs to leverage technology for cross-border e-commerce. In five years, the startup ecosystem in Bangladesh is expected to be a global model, with more unicorns and startups solving problems internationally. Mahmud and Yasser both hope to see their startups become unicorns and create a real impact in people's lives. They highlighted the importance of creating startups that not only generate value but also create a positive impact on society.
Education and Your Financial Future feat. Paul Jeffreys of Lawsons Wealth
Nov 13 2023
Education and Your Financial Future feat. Paul Jeffreys of Lawsons Wealth
In this webinar, the Commonwealth Chamber’s conversation centres on the topic of international education and financial planning. Our special guest for the session, Lawsons Wealth Consultant Paul Jeffreys, shares success stories and challenges faced by families who are trying to save for their children's education abroad. Paul highlights the importance of starting as early as possible for any financial endeavour, especially education considering the rising levels of competition and tuition fees for universities across the Commonwealth and the globe. When discussing the impact of COVID-19 on the industry, he shares his experience on the surprising benefits of online communication that allowed his clients, from all parts of the globe and from every age demographic, to be able to reach him more effectively leading to a greater number of consultations. Paul also highlights the impact of the pandemic on families who have already made the commitment to send their children overseas and were not deterred by the pandemic. However, those who were still in the midst of conversations about studying abroad may have decided to wait until they had more clarity about their financial situation. Throughout the conversation, Paul provides valuable insights into the world of international education and financial planning. One of the key takeaways is the importance of coaching and mentoring in helping families stay on track with their savings goals. With the right guidance, families can develop a clear plan for saving and investing, and avoid common pitfalls that can derail their efforts. Overall, the conversation offers a wealth of information and insights for anyone interested in international education and financial planning. From success stories to practical strategies for saving and investing, Paul provides a comprehensive overview of the challenges and opportunities involved in this complex and important field.
Celebrating Commonwealth Women in Business feat. Pooja Lamba Monga and Zhaomian Zhao
May 29 2023
Celebrating Commonwealth Women in Business feat. Pooja Lamba Monga and Zhaomian Zhao
In celebration of Women’s History Month, the Commonwealth Chamber of Commerce invited two trailblazing women entrepreneurs and CEOs, Pooja Lamba Monga of the PLM Ecosystem and Zhaomian Zhao of Project Waitless on a special guest panel edition of the Commonwealth Chamber Webinar Series. During the webinar, Pooja explains how the PLM Ecosystem is all about the importance of the “collective conscience” in the workplace, using mindfulness programmes and empathetic leadership models in conjunction with technology and neuroscience research to nurture a healthy growth mindset to improve the overall wellbeing of an organisation and its people. As a change management consultant with 8 years of experience in the mindfulness space, Pooja has seen firsthand how effective and deeply impactful such behavioural therapy has, not only on a personal level for employees, but on an organisational level, improved work-life balance and professional performance. Considering the sector agnostic nature of PLM’s work, Pooja has helped numerous institutions, ranging from academia to consulting, develop and hone an evolutionary leadership mindset and has also helped them improve their ESG and sustainability practices using the cognitive training and workshops she arranges under PLM. Zhaomian Zhao explains how Project Waitless, an inventory automation solution for hospitality industry, provides real-time tracking and monitoring of inventory, which can help businesses save money and reduce waste. She highlighted the potential for the system to be used in other industries, such as retail and logistics, but also imparts insights on the challenges of designing a system that is user-friendly and accessible, particularly for engineers who may not be designers. For her and the team at Project Waitless, their goal is to help clients save time on redundant, tedious tasks, secure more bookings and optimise operations, so they can focus on creating genuine connections with key stakeholders, customers and critical business activities. She also gave fascinating insights on the realm of artificial intelligence (AI) and how her initiative for creating Project Waitless came with her desire to bridge the “Octopus Test”, one of the primary critiques revolving around the limits of AI. Throughout the conversation, Pooja and Zhao answer various questions about their business models, target customers, and the impact of technology on society. They discuss the potential for mindfulness practices to be used in a variety of settings and the importance of design in technology. They also touch on the potential for technology to be used as a tool rather than a dominating force in our lives.