African startups

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African startups

A collection of 9 posts

BluePeak Private Capital closes $156M fund to back African businesses

BluePeak Private Capital closes $156M fund to back African businesses

MFS Africa Rebrands to Onafriq

MFS Africa Rebrands to Onafriq

Pan-African fintech company, MFS Africa has rebranded to Onafriq due to trademark challenges in America. According to its founder and CEO, Dare Okoudjou, the trademark MFS belongs to another company in the US, and their ability to use it outside of Africa was becoming difficult. “The trademark MFS actually belongs

Three East African Startups Selected for Inaugural AI First Accelerator Program

Three East African Startups Selected for Inaugural AI First Accelerator Program

Google for Startups Accelerator: AI First program has selected three East African startups for its first cohort. The startups include; Dial Afrika, a Kenyan B2B SaaS platform that tailors customer support tools for global businesses, with a focus on African SMBs, Fastagger, a service platform that uses AI to amplify

President Biden Appoints Chipper Cash CEO Ham Serunjogi to African Diaspora Advisory Council

President Biden Appoints Chipper Cash CEO Ham Serunjogi to African Diaspora Advisory Council

U.S. President Joe Biden has appointed Ham Serunjogi, CEO and co-founder of Pan-African fintech Chipper Cash, to be part of the Advisory Council on African Diaspora Engagement. Serunjogi and 11 other African Americans will serve on the Council until 2025. According to a White House statement, the Council’s

5 African Health-Tech Startups Selected Among 30 for Google for Startups AI program

African startups

5 African Health-Tech Startups Selected Among 30 for Google for Startups AI program

Gates Foundation Supports 29 African Healthcare Start-ups Driving Innovation in Africa

African startups

Gates Foundation Supports 29 African Healthcare Start-ups Driving Innovation in Africa

SVB Collapsed: Why African Startups Must Begin to Look Inward

African startups

SVB Collapsed: Why African Startups Must Begin to Look Inward

The recent collapse of Silicon Valley Bank (SVB), which was shut down by the Federal Deposit Insurance Corporation (FDIC) last Friday after the bank announced that it lost $1.8 billion in the sale of treasuries and securities has sent shockwaves throughout the global tech community, particularly in Africa, where

Your Startup is more likely to Fail than Succeed: How African Tech Startups can Survive Infant Mortality

African startups

Your Startup is more likely to Fail than Succeed: How African Tech Startups can Survive Infant Mortality

Startup Genome report noted that 9 out of 10 startups fail and 10% of startups fail in the first year. According to the report, startup infant mortality is most common for startups during years two through five, with 70% falling into this category. Despite the high number of startup failures,

Nigeria joins Kenya, 3 other African Countries to Pass a Startup Bill

African startups

Nigeria joins Kenya, 3 other African Countries to Pass a Startup Bill

The Nigerian Startup Bill was passed on the floor of the Nigerian Senate on Wednesday, July 20, 2022. The senators passed the bill following consideration of a report from the Committee on ICT and Cyber Security. Nigeria is now the fifth African country to pass the bill, following Tunisia, Senegal,