Emerging Economies | January 26, 2018 |
There has been a lot of news from Africa. Majority of the 1.2 billion Africans are young, full of spirit and entrepreneurial! The spirit is alive in Africa, with an increasing number of startups in ICTs, agribusiness, e-commerce, fintech, ed-tech, e-health and renewables. These are youthful entrepreneurs who have been reshaping the face and future of a continent.
This week in Emerging Economies Digest we have captured the whole hog of Africa. From South Africa to Nigeria; almost Timbuktu. Well, that was a figure of speech...but almost. We start with some applications to pitch and we end with reasons on why is this the time to invest in Africa and everything in between!
Enjoy your Digest and share if you think we have done a good job.
Cheers.
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| | Ventureburn Want to pitch at the Nairobi Innovation Week (NIW) 2018? You have until next week Wednesday (31 January) to register with NIW.Startups to take part in the event. In all 100 startups will be selected to participate.
| | Ugo Aliogo - AllAfrica Technology innovation is seen as an option out of poverty, and most technology hubs are providing communities with infrastructures to support home-grown innovations. Start-ups require less infrastructures and financial risk for rapid growth than big industries. These hubs are not only providing start-ups with the technical support and access to fast internet, and free training. But also provide a network of both professional and social in which these technology entrepreneurs can thrive. | | Rana Freifer - WAMDA Financial inclusion is critical in reducing poverty and achieving shared economic growth, as mentioned 'The Global Findex Database 2014: Measuring Financial Inclusion around the World': When people can participate in the financial system, they are better able to start and expand businesses, invest in their children's education, and absorb financial shocks.This approach is increasingly adopted in Egypt where fintech startups are proliferating and engaging citizens in a 'neo' formal financial system. | | TOM JACKSON Co-founder @DisruptAfrica - DisruptAfrica Disrupt Africa has kicked off a new series, in which we have spoken to the great and the good from various African tech scenes to find out what it is that makes them tick.
In the first instalment, we chat to various stakeholders from South Africa to find out what makes the country in general, and the cities of Cape Town and Johannesburg in particular, such great places to launch a startup. | | Matshelane Mamabolo - IT WEB AFRICA "Tech VC investment in Africa, with ticket sizes from US$200K to US$40m, has grown almost ten times from US$40m in 2012 to US$367m in 2016, and is already growing faster than projected US$1b annually by 2020. Most investment rounds so far have been led by US or EU based investors. The ecosystem is ready for local players, with African teams being able to finance the best African startups."
Partech Africa is a generalist tech fund targeting industries like financial inclusion (Fintech, InsurTech, new distribution models) and online and mobile consumer services (commerce, entertainment, education, digital services), as well as mobility, supply chain services and digitisation of the informal economy. | | Heather Strachan - Tech.Co When you consider that half of global venture capital goes to three U.S. metro areas (New York, Silicon Valley and Boston), and that only 10 percent of private capital investment goes to emerging market startups, it makes you wonder. Are there simply not enough great startup founders in emerging markets? | | TOM JACKSON Co-founder @DisruptAfrica - Disrupt Africa Africa has developed from a continent once viewed as a lost cause to a land of vibrant opportunity, particularly when it comes to business angel investments, writes Tomi Davies, president of the African Business Angels Network (ABAN).While many countries today are facing the dilemma of an ageing population, the majority of the 1.2 billion Africans living on the continent are young, ambitious and entrepreneurial. | |
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