Browsing: Startups in Africa

• 121 African startups secured $466M, marking a 27 per cent drop from the previous quarter; women-led startups got 6.5 per cent of the capital.
• About 87 per cent of startup funding in the three months to March went to entities in Nigeria, Kenya, Egypt, and South Africa.
• Gender imbalance persists as only 6.5 per cent of the financing went to female-led startups in Africa.

The big four economies of Nigeria, South Africa, Kenya, and Egypt continue to attract the highest share of funding going to startups in Africa, even as the ecosystem suffered a 27 per cent drop in financing to $466 million in the three months to March 2024.

The latest analysis from Africa: The Big Deal shows that 87 per cent of startup funding in the three months to March went to upcoming entities in Nigeria, Kenya, Egypt and South Africa.

Attracting $160 million, Nigeria’s economy accounted for …

• Nala Money has Payment Service Provider licenses in several countries, including its founder’s home, Tanzania.
• In 2020, Africa’s e-payments industry, across domestic and cross-border payments, generated approximately $24 billion in revenues, of which about $15 billion was domestic electronic payments.
• Africa’s domestic e-payments market is expected to see revenues grow by approximately 20 per cent per year, reaching around $40 billion by 2025

“Little did I know that if a European-based client of mine could have subscribed to Nala Money, I would have received $100 more to my fee.  Unlike Nala, the money order service I use has a low exchange rate and is somehow unconventional.”

This testament is not a promotion or a boost for the latter but an admission of facts and experiences Tanzanians who might receive remittance often or once could face.

Nala, started by Tanzanian youth Benjamin Fernandes in 2017, aimed to increase economic opportunities for …

• Global tech giants are meeting in Marrakech in May for the GITEX Africa expo as they seek a slice digital economy in the continent.
• Investors will be keen on learning tech advances in digital health, finance, AI consumer tech, cloud and IoT, as well as cybersecurity among others.
• GITEX Africa is organised by KAOUN International, an affiliate of Dubai World Trade Centre, which also organises GITEX GLOBAL show in the UAE.

This year, thousands of investors and entrepreneurs are converging in Marrakech, Morocco, for GITEX Africa, a signature tech and start-up expo that is poised to define the next phase of the continent’s digital economy.

The show, now in its second edition, comes under the Patronage of His Majesty King Mohammed VI of the Kingdom of Morocco. GITEX Africa, which is scheduled from 29-31 May 2024, is organised under the authority of the Moroccan Ministry of Digital Transition and Administration …

• Startups seeking to scale across Africa face a unique set of communication challenges.
• While culture, infrastructure woes, and regulations pose significant challenges, innovation offers opportunities to overcome these hurdles.
• Players in the industry such as Beem are developing effective enterprise communication products that firms can tap into to scale their operations across Africa.

Africa is emerging as a hotspot for entrepreneurial activity, with startups acrborsa prima classe jock strap deuce vaughn jersey latex hood air jordan 1 low flyease air jordan 1 low flyease uberlube luxury lubricant 8 ft kayak oregon football jerseys inflatable kayak yeezy shoes under 1000 nike air jordan 1 elevate low custom sublimated hockey jerseys 8 ft kayak decathlon bmx oss various industries in different economies scaling up. However, as these startups expand across economies, they are encountering a unique set of communication challenges that often jeopardize their success.

From navigating the maze of cultural …

As a form of private equity funding, venture capital finance African startups at the nascent stage. Money is given to firms with significant growth and revenue creation potential. Across economies, VC firms are critical drivers of growth and development in Africa. They drive job creation and innovation and finance the rollout of new products and technologies.…

• E-commerce is a key component of the fourth industrial revolution and Africa is poised to become the world’s next big online retail frontier
• Significant players like Konga, Jumia and Takealot are putting the continent on the global map, attracting pools of investors,
• Statistics indicate that there are about 264 e-commerce start-ups that are operational across the continent, active in at least 23 countries; with a potential to create an estimated 3 million jobs by 2025

The rapid mushrooming and proliferation of E-Commerce Startups in Africa is a distinct bellwether that the industry is steadily flourishing like a green bay tree; making for a powerful development driver in the African economy.
E-commerce is a key component of the fourth industrial revolution and Africa is poised to become the world’s next big online retail frontier; with markets swiftly moving to embrace this revolution in full throttle, looking to build on the momentum …

Forty-three leading global investors from Africa, Europe, the US, and the Middle East have signed up to participate virtually in the 8^th Angel Fair Africa on 5^th November 2020.

The investors are from Angel Africa List (AAL), Africa Venture Capital and Private Equity Association (AVCA), America Capital Association (ACA), Women-In-Capital (WIC), Viktoria Business Angel Network, Brightmore Capital, amongst others. Anime Partners and MSM Property Fund are supporting the investor participation.

The ten selected ventures to pitch to these investors have gone through our one-month Africa Virtual Accelerator (AVA) @ https://www.africavirtualaccelerator.com/in.php. They are, ShopMeAway led by Racine Carr; Kalpay led by Ibrahima Kane; AgroInnova led by Amos Narh; Adi&Bolga led by Abimbola Oladeji; Kladika led by Muthoni Mwangi; Gift Pesa led by Pamela Muriuki; Ejoobi led by Simangele Mphahlele; Kweza led by Ropafadzo Musvaire, Afrijob Network led by Harriet Kariuki and Curacel led by Henry Mascot. Their participation …

Education in Tanzania has been gaining crucial technological changes over the past decades. The government of Tanzania has acknowledged the role of Information Communication Technology (ICT) in stimulating effective learning in the modern era, via its frameworks—communicated in the Education and Training Policy of 1995, and the national ICT policy of 2016 that both embody education technology in their own manner.

In this context, Tanzania’s innovation landscape is getting better as more young people take the helm to create solutions. In this case—MyElimu and Mtabe apps, which are customized education technology (platforms) offering seamless learning materials to secondary students across Tanzania via mobile phones are gaining traction.

The communication landscape in Tanzania is growing, and numbers show this growth could turn to be a gold mine for innovative solutions such as MyElimu.

According to information from Tanzania Communication Regulatory Authority (TCRA), internet penetration moved up from 40 per cent in …

Modern technology could be the most pristine breakthrough the human race has ever achieved, as more noble solutions come to light each day proving that—decent forms of labour can be attained if the digital economy wages its fair share of war into the sector, and Tanzania is the exemplary figure in this labour-related case.

Huduma Smart is not an ordinary startup.  It is a young, female-led enterprise that trains domestic workers and provides a job market for them via a tailored website, where employers can recruit workers of their choice per qualifications they desired and acceptability of a worker. More importantly, the startup provides health insurance and contracts to workers, among other necessities, to make their jobs respectable, a global missing recipe in the labour section.

The domestic labour landscape

It has been a custom for most average families and most of the middle-income households to require services from housemaids, …