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Opinion

Why Are Investors Rushing After North Africa’s Fashion Startups?

No region of Africa has seen as much investment in its fashion e-shops as North Africa, and particularly Egypt. In 2020 alone, about seven major deals were closed on fashion startups in the region, at least six of them in Egypt. This trend is uncommon in the startup ecosystems of Sub-saharan Africa. In fact, apart from Afrikrea, an Ivory Coast-based startup, whose ecommerce platform has a fashion section, and which recently raised $1 million in funding, it is very rare to see a startup exclusively built for fashion raise investments from venture capital firms as well as other types of investors in other parts of Africa....

GFA Daily Digest Monday, January 4, 2021

Latest News Egyptian Entrepreneur Builds E-commerce Platform To Connects Small Retailers To Suppliers In 2018, he teamed up with Mohamed Ben Halim and formed the e-commerce marketplace MaxAB to connect informal food and grocery sellers – the micro-retailers who make up 90% of the grocery market – with suppliers. Read more Opinion Corner Driving Entrepreneurial Growth Through Mentoring The significant number of job losses in South Africa in 2020 now means more people need to find some way to bring in income – many will become entrepreneurs and will start small or even medium enterprises. Read more Click here to find out more! Small Business Resolutions To Boost Your Cash Flow In...

Small Business Resolutions To Boost Your Cash Flow In 2021

Running a business in what we assumed would be a post-COVID world this year has turned out to be a continuous challenge, taking on various strains from last year’s pandemic. A common denominator for many small business owners is steady cash flow throughout the year. Staying in the green has always been a priority for small business owners. Now, more than ever, you need to take control and manage your finances to ensure long-term growth and sustainability. Read also: Private Equity Firm B Investment Sells Its 20% Stake Of Total Egypt To Total Outre-Mer To make the most of 2021 and increase your cash flow and profits, here...

Driving Entrepreneurial Growth Through Mentoring

The rise in the amount of knowledge sharing and mentoring by businesspeople through partnerships with SMEs and entrepreneurs in order to help them survive and succeed has been, and continues to be, a silver lining in the overwhelming Covid-19 cloud. The significant number of job losses in South Africa in 2020 now means more people need to find some way to bring in income – many will become entrepreneurs and will start small or even medium enterprises. A significant proportion of business survivors in this pandemic are themselves, entrepreneurs. From the outset, they had reduced operational costs, understand their markets, and were able to streamline and adapt...

GFA Daily Digest Wednesday, 30 December 2020

Funding In Eastern Africa Impact Investor Villgro Africa Backs Kenyan E-health Startup Damu-Sasa With US$20k To Enhance COVID-19 Capabilities Damu-Sasa works across the entire blood ecosystem by helping hospitals source blood from donors and from each other, while also supporting screening, preparation of blood products and inventory and transfusions management. Read more Latest News Private Equity Firm B Investment Sells Its 20% Stake Of Total Egypt To Total Outre-Mer During the first nine months (9M) of 2020, B Investments Holding achieved profits of EGP 153.55 million (US$9.77m), compared to EGP 142.74 million (US$9.08m) in the comparative period of 2019, taking into account minority rights. Read more Click here to find out more! Algeria Launches...

How Small Businesses Can Get Maximum Value From Mobile

It’s no secret that small and medium-sized businesses (SMBs) are challenged every day to balance the need to innovate with the reality that their workforce is already being stretched to its limits. To deliver an exceptional customer experience, small teams must figure out how to accomplish big things, but in a short amount of time and with limited resources. For SMBs facing these struggles, taking a mobile-first approach can be a real game-changer in terms of optimizing overall business operations. From arming the entire workforce with the information they need to get the job done to acting as a critical force multiplier when free hands are few, mobile...

GFA Daily Digest Monday, 28 December 2020

Funding in Western Africa Ghana’s Ecommerce Startup Seven Inc. Just Promised To Invest $10m In Ghanaian Startups According to Vincent Djokoto, Managing Director of the startup, Seven Inc. has already entered into partnership with another local and Ghana-based tech, design and logistics firm to bring that ambition into fruition. Read more Latest News China To Overtake US As World’s Biggest Economy By 2028: Report While the United States was likely to have a strong post-pandemic rebound in 2021, its growth would slow to 1.9 per cent a year between 2022 and 2024, and then to 1.6 per cent after that. Japan would remain the world’s third-biggest economy, in dollar terms, until the early...

Top Tech Tools For Entrepreneurs

When the world shut down due to the pandemic, everything changed, especially for small businesses. Suddenly, the ability to connect to customers became even more critical, and the safe way to do so is through technology. While companies have long relied on email or text messaging to communicate, many entrepreneurs found they needed to expand their technology toolkit, becoming more creative and resourceful with how they conduct business and compete effectively. As a technology expert who advises more than 3.4-million entrepreneurs around the world on technology solutions that can help them serve their customers and manage their business, Rhonda Vetere, Chief Information Officer, Herbalife Nutrition and serial entrepreneur...

GFA Daily Digest Wednesday, 23 December 2020

Funding In Eastern Africa Kenya’s Centum Real Estate Bond Raises KSh3 Billion Sources say that investors will earn a return of 12.5% for the plain vanilla bond and 12-14% for the Equity Linked bond. The bond will be listed on the Nairobi Securities exchange after it receives approval from the relevant regulators. Read more Latest News Nigeria’s Print-On-Demand Startup Expands To United States And Canada After South Africa Customers in South Africa and Nigeria have access to 9 and 19 product catalogues on the site, respectively. However, the numbers currently stand at 8 and 13 for Canada and the US, respectively. Read more Click here to find out more! Opinion Corner How To...

How To Choose The Best mPOS For Your Business

Better customer service; quick, contactless payments and processing; greater store associate versatility — there are lots of reasons for small and medium-sized businesses to use mobile point of sale (mPOS) solutions. But choosing the best mPOS option for your business in a fast-changing world can seem like an overwhelming task. As you search for the right solution, answering these questions can help narrow your options. How will this solution better serve your customers? With mobile devices, your staff can freely roam the sales floor while also serving customers. They can use tablets to check inventory, suggest cross-sells and upsells and ring up sales. That freedom also allows...

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