📢We are excited to announce @DavidWvanDijk of the Boost Africa Technical Assistance Facility as a participant @CAMPEA_Africa Jury Panel for the @SuperReturn 🌍GP Awards 2024.
David partakes as a judge of the “Central African Fund Manager of the Year”.
Welcome on board David 🚀
Your feedback last year has been instrumental in our journey, and we need your input again this year.💡
Please participate in the ABAN 2024 Angel Investment Survey to continue to contribute to the angel investing ecosystem in Africa: https://t.co/M15H5ylXe8
Excited to see these questions & more answered in the research, findings & recommendations that will come to the market when the “Beyond The Noise” report launched at Women Who Build Africa Assembly in Nairobi 🇰🇪 this week! #V54
🌍🚀 Exciting times for Africa’s tech ecosystem! Proud to co-host 44 top VC fund managers—50% women—at @OxfordSBS, through our Boost Africa TAF project. The Africa Venture Finance Programme kicks off next week! Learn more here: https://t.co/JpLdwQSv54 #AfricaTech#VentureCapital
The third Africa Venture Finance Programme at @OxfordSBS will feature 44 prominent African and Africa-focused venture capital fund managers, half of whom are women. #ValuablePartnerships
https://t.co/J9K1OujFM8
Only half a billion people in the entire world earn over $20k per year. The bourgeois.
2 billion people earn between $3k and $20k.
But majority of the worlds population earn less than $3k.
Another meaningful African #venturecapital exit! US based @Ticketmaster expands its presence in #Africa with the acquisition of @QuicketSA – a major player in Africa’s general admission event & festival ticketing. A fantastic outcome! 🎟🍾 Read More >> https://t.co/Vg3RXOWIFa
Small retailers are the lifeblood of African economies.
Not only do they sell 90%+ of all goods in a country like Nigeria, but they also create a significant amount of employment.
But why do these retailers remain small?
Why are African markets still so "informal"?
Earlier this year, we hit the streets of Lagos with @rustagid to explore the retail value chain.
Deepankar is the CEO of @omnibizafrica, Africa's #1 Fastest Growing Company in 2024.
And as we visited distributors and retailers, he explained the working capital challenges that hamper growth.
There's one key metric for retailer growth. What is it?
Watch the full episode below ⬇️
Love seeing reports like this. As usual, read this with data biases in mind (e.g. not nationally representative, MP clients)
Key pieces for me:
*80% at 250k naira/mo or below (~$160)
*86% start the biz for a better job
*70% of borrowing is friends/fam
https://t.co/Ok85GiR8cZ
It's been a busy start to 2024 for the entire Africa 🌍 Tech & Investment Ecosystem.
As we continue to acknowledge & navigate some of its challenges, we also see & enable its communities and builders to foster its opportunities.
A big 👏 to all these people on #AfricaDay2024
[Free Read] Kenyan e-commerce startup Copia Global, hamstrung by financial struggles after raising over USD 120 M and making headway in the mass market, is laying off 1000+ staff as it teeters on the brink of closure.
https://t.co/ktwFEfIDji
Looking to add some good people to the amazing team at @LoftyIncVC across our Lagos, Nairobi, Abidjan, and Cairo offices soon. A-players only. Watch this space!
Join us next Thursday as #AfriTechBasecamp London and @ecfoundersclub present "Understanding Funding Rounds" Navigating the Startup Funding Journey from FF&F to Series A with a Pitch Competition to boot. Tickets available at https://t.co/LWCdpLiaNw #AfricanAngel#WeMove#TomiDee