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Opinion

Daily Digest Thursday 26, November 2020

Funding In East Africa Uganda’s Motorcycle Financing Startup Tugende Raises $6.3M Series A Led By Toyota Tsusho The funding round was led by Toyota Tsusho investment fund Mobility 54 with participation from U.S.-based Global Partnerships’ Social Venture Fund, and current shareholders including Denali Venture Philanthropy and Segal Family Foundation, and new angel investors. Read more Funding In Emerging Markets Zambian Women-Led Startup Receives Funding In an official press release, Liliane Munezero Ndabaneze, CEO of WidEnergy Africa said that the aim of the investment is to assist Zambians in rural areas who don’t have access to clean energy solutions. Read more Latest News 5G Consumer Market To Reach $31 Trillion By 2030 The report...

Black Friday Tips For Small Business Owners

The COVID-19 lockdown forced many businesses online, and for some small and medium businesses, it would have been their first foray into e-commerce. But a word of caution: If your online store is difficult to navigate, requires endless clicks to get through checkout, and doesn’t have a secure payment gateway, it will be a very dark day indeed – for your business. Read also: To Thrive In A Pandemic, You Need To Reinvent Your Business To grab and keep buyers’ attention this Black Friday, your store should reduce friction, enhance the shopping experience, and engage your customers every step of the way. Importantly, it should pass the “three...

Daily Digest Wednesday 25 November 2020

Funding in North Africa Apart From Fashion, Investors Are Increasing Their Interests In Egypt’s Gaming Startups As Eksab Raises $500,000 Africa’s gaming ecosystem is still developing. Building on the success of “Aurion’s Heritage of Kori-Odan”, which in 2016 became the very first video game made in Cameroon, Cameroonian startup Kiro’o Games, last Ocotber, announced it has raised $342k as part of a fundraising campaign it launched in 2019. Read more Latest News South Africa’s Absa Is All Out For Startups, Launches 1000 Tech Entrepreneurs Program And Free Banking For Startups The 12-month program aims to assist founders with business growth and development. The program consists of bootcamps that have already begun...

To Thrive In A Pandemic, You Need To Reinvent Your Business

The COVID-19 pandemic has given rise to many debates. But if there’s one thing commentators appear to be united in, it’s the certainty that our world will be forever changed by it. The good news is, that this is entirely possible – science tells us so. Businesses that are sufficiently agile and creative have the potential to pivot and reinvent themselves, and ultimately stay relevant both during this pandemic and after the dust has settled. The pivot process is multifaceted: it involves forming new habits, adopting a committed growth mindset, and behaving like a hungry and innovative start-up. Read also: Business Reimagined For Africa In behavioural science, there’s...

Daily Digest Tuesday 24 November 2020

Funding In West Africa Fintech Startup Pass Raises Pre-Seed Round In Its Expansion Plan Pass is a technology company that is improving the online shopping experience by making the process of checking out easy and seamless for online shoppers through its one-click checkout platform. Read more Latest News Absa And Mastercard Partner To Create Access To 50,000 Dignified And Fulfilling Jobs For Young People To leverage digital technology to drive financial inclusion at scale and enable Absa Bank Ghana to provide financial and technical support to scale up promising Fintech start-ups while building their capability to help digitise the MSME space in Ghana. Read more Startups Within The West African Economic And Monetary Union Have New $350k Up For Grabs Until November 30, young entrepreneurs...

Business Reimagined For Africa

Building a business in Africa is now as much about embracing digital innovations as it is about understanding the nuances of each country and what it takes to succeed there. Read also: Africa: Why Digital Payments Are key To Financial Inclusion Long-time strategic partners World Wide Worx, an independent technology research organisation, and CG Consulting, a specialist lead generation and outsourced telemarketing service provider in Africa, have seen a shift take place in the operating environment on the continent. To this end, both organisations believe that the next few years will be critical to driving business expansion here. Roots in connectivity Arthur Goldstuck, founder and managing director of World...

Daily Digest Monday 23 November 2020

Funding In North Africa Egyptian Ecommerce Startup ExpandCart Raises $2.5 Million Series A More startups in Egypt are increasingly raising funds this year compared to most African countries. Added to the list is Cairo-based ecommerce enablement platform ExpandCart which has raised $2.5 million in a Series A round. Read more Latest News Nigerian Agritech Startup Secures $40k Prize With over 2500 applications and 605 proposals submitted from over 30 countries across Africa, only 25 finalists were selected from 12 countries. The finalists selected took part in a two-week virtual business development bootcamp. Read more Opinion Corner Why Mentorship Can Make Or Break Your Startup In 2019, a study was done to determine what...

Africa: Why Digital Payments Are key To Financial Inclusion

Every day, hundreds of millions of payment transactions are completed across the African continent. They’re done using myriad technologies including cards, mobile money, and digital payments. By far the most, however, are in cash. Each of these competing payments is trying to dominate and defeat cash, with siloed “winner takes all” consumer payment offers, but which payment type can most effectively promote financial inclusion, helping grow economies and jobs along the way? Read also: Nigerian Autochek Startup, Cheki, Raises $3.4m Seed For Its Platform Instead, the best hope for financial inclusion and growth on the continent is a digital payments platform that is merchant centric, and that benefits the...

Why Mentorship Can Make Or Break Your Startup

Having a mentor when you start a business can be as important as the actual product or service you’re selling. While the research on the positive impact of mentorship is clear, so many entrepreneurs still don’t have a mentor.  The journey is long and challenging. To have a mentor as a guide during these early and crucial stages is essential. In 2019, a study was done to determine what South African small business owners and entrepreneurs gained from having a mentor. According to their findings, of the 209 South African recipients surveyed the majority of the respondents, 73.7% (154), had one or two mentoring relationships. Only 8.10% (17) had...

Daily Digest Thursday 19 November 2020

Funding In Southern Africa South Africa’s The Student Hub Raises $2.9m From Naspers Foundry The latest on the VC’s list is The Student Hub, an online learning platform, which helps TVET colleges to overcome physical infrastructure constraints and improves students’ access to vocational education and training. The VC has just announced investment of R45 million ($2.9 million) into the edtech company. Read more Funding In West Africa Cameroon Secures US$18M New Joint Initiative From EIB And Société Générale The initiative will include working capital, enable increased backing for investment projects and include more flexible disbursement conditions to reflect the acute and sudden challenges facing African business. The scheme is available immediately and will be...

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