Overview June was marked by the implementation of a number of positive initiatives and economic policies in key markets in our focus countries and other key African markets. If these policies and initiatives are executed effectively, H2 2023 will show significant growth and improvements across board. In the interim, there were notable changes in the…

It is clear that the ICT sector is here to stay, and with both private and public sector commitments to invest and support growth, will soon contend for largest contributing sectors to the GDPs of our target African nations. The steady ascent of ICT’s contribution to GDP in Nigeria, such that ICT’s contribution now eclipses…

The continent is home to 30% of all natural resources in the world, yet it contributes only 2.9% to the world’s gross domestic product (GDP). …

In an unusually quiet Week 43, only 4 startups announced fundraising across the continent. 3 of them raised a total of $3.02m and the last one an undisclosed amount. A breakdown of the fundraises;  An interesting one was GIGXPad, out of Nigeria who got accepted into Techstars Toronto. Born out of wanting to offer GIG…

8 startups across the continent received a total of $74.1m during the week in review while 1 startup raised an undisclosed amount. MaxAB, had the lion share of over 50%. The Egyptian food and grocery B2B e-commerce platform connects suppliers with underserved traditional retailers across Egypt and Morocco and offers a wide range of finance…

Across Africa this week, 5 startups raised a total of $8.6m while 3 others raised undisclosed amounts. At the top of the country chart is South Africa, driven by Telecoms giant Talk360, who raised $3m in a second close of its seed round, in addition to the $4m raised earlier, bringing the total seed round…