Tag Archives: Africa

481 tech startups employ 19,000, raise $2.1b in seven years (The Guardian)

 Lagos remains the hub, home to 88.4% of the startupsSome 481 technology startups were in operation across Nigeria as of September 2022, employing over 19,000 people between them. Of this, Fintech is the most populated sector, with more than one-third of the country’s tech startups active in that vertical. According to the Nigerian Startup Ecosystem […]
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Prioritise top entrepreneurs to boost SMEs in West Africa(Ventureburn)

The entrepreneurial ecosystem in West Africa is robust and innovative. This is according to high-profile delegates attending this region’s conference aimed at accelerating small and growing business growth on the continent this week. Hosted in Accra, Ghana by the United States-based Aspen Institute of Development Entrepreneurs (ANDE) and Impact Investing Ghana, the conference attracted leading investors, entrepreneurs […]
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South Africa is a startup powerhouse that leads the continent for exits, finds new report (Disrupt Africa)

The report will be a deep-dive into the South African startup scene, utilising Disrupt Africa’s datasets, expertise and networks to document what startups are doing what in the country, who is making investments, and who is providing ecosystem support. It takes as its starting point a list of 490 South African tech startups for which […]
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Energy business trends start blowing in Africa’s favor (CGTN)

For the moment, Africa stands poised for stronger economic growth, despite the headwinds. The European Union (EU) member states and United Kingdom (UK) have urgency to find energy resources from other countries, while they transition away from Russian energy imports after Russian President Vladimir Putin had launched the ‘Special Military Operation’ in Ukraine starting on […]
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Google opens applications for R64m fund targeting Africa. (ITWeb)

Digital Economy Google has committed $4 million (R64 million) to fund 60 eligible black-founded start-ups across Africa. The internet firm yesterday opened applications for the second cohort of the Google for Start-ups Black Founders Fund for Africa. The fund was launched in the wake of the 2020 Black Lives Matter movement as part of Google’s racial equality […]
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The battle of African female startups: For every $1 invested in women, $25 goes to men (News24)

Africa’s female entrepreneurs, like their US and European counterparts, are underrepresented when it comes to raising funds. Their startup journeys are also often a lot more arduous, say investors like Polo Leteka, co-founder of Alitheia IDF, the continent’s largest gender-led fund. The issues are “probably more pronounced here because we have more underlying problems”, said Leteka, pointing to her own experience with tapping […]
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MTN rolls out R2.2bn Gauteng township investment (ITweb)

MTN’s investment comes on the back of growing emphasis by the provincial government for business to help formalise township-based enterprises and provide support for such businesses. Last month, the Gauteng Legislature passed the Township Economic Development Bill, saying it helps to economically empower townships and disadvantaged communities. Now, MTN says its infrastructure investment will help […]
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This investor wants to invest R290m into 20 SA businesses. But they must be ‘revolutionary’(BI)

SA does not take startups seriously Though Akindele wants to do deals across the globe – as long as they benefit Africa – he is keen to invest in South African ventures. Platform Capital set up offices in Johannesburg nine months ago and aims to invest $20m in 20 South African businesses a year. The […]
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Here’s how to maximise Africa’s energy transition potential, IRENA report (ESI Africa)

Africa is extraordinarily diverse, and no single approach will advance its energy future, however, an energy system centred on renewable energy can help resolve many of Africa’s social, economic, health and environmental challenges.  According to the IRENA report, a profound energy transition is not only feasible, but it is also essential for a climate-safe future […]
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There is nothing small about the impact small businesses have on our economy.(bizcommunity)

Small businesses and start-ups provide more than just jobs for community members. They also can improve innovation and productivity on a local level and use other businesses in the community such as accounting and IT, while larger businesses develop their own infrastructure. With more support, small businesses have the potential to breathe new life into […]
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