The event which was held at the Balmoral Convention Center, Federal Palace Hotel, Lagos, drew a full house of investors, mentors, senior operators, and ecosystem leaders in African tech highlighting the bullish and positive outlook that stakeholders have for the innovation, talent and opportunities abound in the African market.
Africa Tech Summit Nairobi has announced ten African tech ventures that will showcase their solutions to a diverse audience of industry experts, investors and fellow innovators on February 14th and 15th. While African startup funding declined in 2023, the investment showcase continues to foster collaborations and stimulate investment opportunities to bridge the funding gap in […]
Techstars, the most active startup investor in Africa, has announced its second cohort of 12 companies to participate in its pan-African accelerator program in partnership with Lagos-based innovation program, ARM Labs. Following a successful inaugural program, the ARM Labs Lagos Techstars Accelerator will build upon its commitment to helping entrepreneurs that are changing Africa and the world.
The announcements were recently made at the GSA Africa Summit in Addis Ababa, Ethiopia. Joined by Her Excellency Muferihat Kamil, Ethiopia’s Minister of Labour and Skills and His Excellency Dr Belete Molla Getahun, Ethiopia’s Minister of Innovation and Technology, the summit’s grand finale at Addis Ababa’s Friendship Park has proved a significant event. The GSA Africa awards began in 2021, a journey that has led to over 15,000 African innovators nominated from 54 countries, the support of 300 jury members, ambassadors, and hundreds of innovation hubs across the continent.
Africa’s recent growth surge has created a large group of companies already scaling successfully, while the current market environment has reduced the capital available.
This untapped potential between high quality investment demand and reduced capital supply extends to various commercial sectors, including logistics, HR, and insurance, all presenting significant high value “white spaces” waiting to be filled.
In the article, Victor Basta, CEO of DAI Magister, discusses how investors can capitalise on these ‘white spaces’, by prioritising developed digital sectors and taking advantage of the $10-25 million funding gap.
The upcoming Global Startup Award (GSA) Africa Summit, scheduled from 25-27 October at the Ethiopia Arts & Science Museum in Addis Ababa, is a monumental occasion for Ethiopia, a potential-laden country, signalling a significant milestone in the country’s entrepreneurial journey.
This 7th edition of the business forum expects more than 3000 participants and will gather 250 startups and 50 investors from 70 different countries. Topics at the heart of the discussions will include environmental challenges, artificial intelligence, female entrepreneurship, startup financing, the Olympic Games, and above all positive innovation between the African and European continents.
The following article sheds light on the critical role that early-stage VC plays in unlocking South Africa’s socio-economic potential. It discusses the challenges, opportunities, and promising changes in the South African startup landscape. As the 2023 South African Innovation Summit approaches, this topic takes center stage, making it a timely and relevant discussion for your readers.
South Africa, as Africa’s third-largest and most diversified economy, holds tremendous potential for economic growth and social development. However, to fully harness this potential, we must address critical challenges such as power shortages and unemployment. The article discusses how a thriving startup ecosystem, as advocated by the South African Startup Act, can accelerate socio-economic development, competitiveness, and economic transformation.
The pan-African Investing in Innovation (i3 program) is funded by Bill & Melinda Gates Foundation and sponsored by Cencora (formerly AmerisourceBergen), Merck Sharp & Dohme (MSD), Microsoft and Chemonics to invest in Africa’s most promising early to growth-stage start-ups in health care supply chains. The second cohort comprises 29 startups chosen from 10 African countries. […]
By: Hahangwi Liphadzi, Incubation Manager at Tshimologong Local tech startups are playing an increasingly important role in driving economic growth in South Africa. These startups are developing innovative solutions to address some of the country’s most pressing challenges, such as unemployment, poverty, and inequality. One way that tech startups are contributing to economic growth is […]
With a mission to boost startup success and ignite economic innovation, SAIS’23 aims to gather 3 000 participants, featuring top-notch speakers, innovative exhibitors, and thrilling side events. Over 120 speakers will delve into the realities of building ecosystems, while startups can engage in pitch battles and seize numerous growth opportunities.