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- Africa’s fashion and textile industry is the second-largest sector after agriculture with an estimated market value of US$31 billion
- The use of tech in fashion has been brought to a much broader scale including the use of apps and the creation of smart textiles
- As the majority of Africans were forced to stay home, there emerged countless online clothing stores, most of which were using social media (Facebook, Instagram and Twitter) as marketing tools
Like many other sectors across the continent, the fashion industry is also taking to embracing technology to improve operations.
Africa’s fashion and textile industry is the second-largest sector after agriculture with an estimated market value of US$31 billion in 2020 and growing annually.
While combining tech with fashion may seem farfetched, technology has always been an essential factor in the production of clothes and the different styles in fashion since the beginning of time.
It is …
Google has committed US$6 million to support African startups as well as underserved communities on the continent.
In a statement, Nitin Gajria, Managing Director for Google Africa, and Rowan Barnett the Head of Google.org EMEA said the funding will go towards programs that will reaffirm its commitment to Africa.
The programs include a $3 million USD Black Founders Fund for African startups and a $3 million USD Google.org grant to help low-income communities develop entrepreneurial skills and funding.
The funding is expected to help African founders grow their businesses not only by providing capital but also by providing access to the best of Google resources.
At the same time, Google has also invited 15 companies from across the continent to the sixth class of the Google for Startups Accelerator: Africa program
Startup Fund
The Google for Startups Black Founders Fund Africa provides grants and technical assistance to early-stage startups led …
Nigeria has a rich venture capital environment and in our new reality, startups will need to adapt to fund themselves. Fabio Scala from FurtherAfrica spoke to Aderonke Alex-Adedipe, a partner of Pavestones Nigeria to understand how the upcoming regulations will impact the market, particularly in regards to crowdfunding platforms and the eligibility and limitations companies may see in effect once the crisis is over.…