Browsing: Jeff Bezos

Gold Rush: Venture capitalists keen to harness opportunities in African startups

Investing
  • 2021 was a significant year for venture-backed companies worldwide, investing more than US$ 675B into startups globally, with more than US$5B allocated to African startups
  • VCs have been keenly eyeing a spectrum of sectors from fintech, edtech, biotech, health tech, insurtech, mobility, logistics, e-commerce, crypto, connectivity, proptech, software and mobile commerce
  • A report from Partech further reveals that more than 600 tech companies in Africa, raised US$5.2B from venture capitalists in 2021. 

Striking whilst the iron is hot, is the shrewd move that Venture Capitalists (VC) are making, to seize opportunities presented by the lucrative African Startup ecosystem that is burgeoning by the day; heralded by the massive technology wave sweeping across the continent, a prominent harbinger that the fourth industrial revolution is but within grasp.
Currently, Africa boasts of a myriad of VC-backed startups, with big investors like Jeff Bezos sinking tentacles into this frontier, that has seen the…

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Folorunso Alakija Drops From Forbes List Of Nigeria’s Dollar-Billionaires

Countries

Folorunso Alakija has been dropped from Nigeria’s Forbes list of dollar- billionaires for a second year in a row according to a statement released by Forbes 2021 world billionaires on Tuesday.

The Nigerian Africa Billionaire businesswoman is involved in the fashion, Oil, real estate and printing industries. She is currently the group managing director of The Rose of Sharon  Group which consists of The Rose of Sharon Prints & Promotions Limited, Digital Reality Prints Limited and the executive vice-chairman of Famfa Oil Limited.

Nigeria the most populous country in Africa and the seventh most populous in the world with an estimation of 206 million inhabitants as of late 2019 with the largest economy in Africa has only three dollar-billionaires now.

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The current world dollar-billionaires in Nigeria according to Forbes are Chairman of Dangote group that spans a range …