Here, you can cover success stories, challenges, and tips for entrepreneurs and startups operating in Africa.
Ghanaian agricultural marketplace, Complete Farmer, has successfully raised $10.4 million in a pre-Series A funding round, consisting of $7 million in equity and $3.4 million in debt financing. The equity portion of the funding round was co-led by The Acumen Resilient Agriculture Fund (ARAF) and Alitheia Capital, with participation from Proparco, Newton Partners, and VestedWorld … Read more
In a recent development, Nigerian fintech company Payday is reportedly in discussions with potential buyers for the sale of the company. This move comes just six months after Payday successfully secured $3 million in a seed funding round, indicating a significant shift in the company’s strategy. Moniepoint’s Interest and Past Connections Moniepoint, which previously led … Read more
Flutterwave, the leading Nigerian fintech company, is making significant strides in expanding its presence in Kenya. With big plans and promising prospects, the company aims to invest a substantial $50 million in the Kenyan market. Let’s dive into the details: Setting the Stage in Kenya Going Global Preparations in Full Swing Resilience Amid Challenges African … Read more
Ugandan agritech company Emata is making waves in the world of farming with its innovative approach to financing. The startup has successfully raised $2.4 million in seed funding, consisting of $800,000 in equity and $1.6 million in on-lending capital. Investors Backing the Agricultural Revolution This fundraising round saw support from various influential investors, including: Emata’s … Read more
In a strategic move to navigate challenging economic conditions, Ghanaian startup mPharma has decided to downsize its workforce, resulting in the layoff of approximately 150 employees. This significant development reflects the company’s commitment to sustainability and its determination to continue serving its customers effectively. Here are the key details: Focusing on the Core: Mutti Pharmacy … Read more
In recent years, Africa has witnessed a burgeoning entrepreneurial spirit, with a focus on innovative business ideas that not only drive economic growth but also address critical societal needs. One such area that is gaining significant traction is Education and Skill Development. In this article, we will explore four African business ideas within this niche, … Read more
Africa is a continent of immense opportunities and untapped potential, and one sector that holds significant promise is healthcare services. As advancements in technology and globalization continue to reshape industries, African entrepreneurs are leveraging their creativity and ingenuity to develop transformative healthcare solutions. In this article, we will delve into some of the thriving business … Read more
In the intricate tapestry of West Africa’s recent surge of coups, a thread of concern weaves through the region’s entrepreneurial landscape. From Mali to Guinea and Burkina Faso, Niger, and Now Gabon the unsettling waves of political upheaval have sent ripples across the startup ecosystem, leaving entrepreneurs and businesses grappling with the repercussions in a … Read more
If you’re like me, you’re all about finding fresh and exciting ways to harness the power of technology and innovation. Well, you’re in for a treat because I’m about to dive into some awesome African business ideas that are not only shaping the future but also making an impact right here in Nigeria. Mobile App … Read more
If you’ve ever pondered over carving your own niche in the realm of African business ideas, hold onto your safari hats, because we’re about to embark on a journey through the vibrant world of tourism and hospitality. Buckle up as we dive into the realm of eco-tourism, soak in the richness of cultural experiences, chase … Read more