Africa’s first-generation entrepreneurs struggle to succeed

In 2014, CNN published a list of 10 countries with the highest percentage of adults who were either starting a business or had run it for less than three and a half years. Five of these top countries were in Africa. In fact, they were six in number with Nigeria and Zambia tying in theContinue reading “Africa’s first-generation entrepreneurs struggle to succeed”

How Jumia claimed Africa

Jumia, Africa’s largest online retailer, was founded in 2012 by Sacha Poignonnec and Jeremy Hodara, who were both former employees of the American worldwide management consulting firm, McKinsey & Company. Jumia offers customers the ability to buy products online, like phones and shoes, as well as groceries, flights, food delivery, and offers bill paying and cellularContinue reading “How Jumia claimed Africa”

Tech Startups Move Forward in Africa

PARIS —  The Afrobytes and Viva Tech conferences in Paris this week have provided an opportunity to look at the progress that high-tech startups have made in Africa, where fundraising is booming. According to Partech Africa, a venture capital firm, 146 startups in 19 African countries raised $1.16 billion for African digital entrepreneurs in 2018.Continue reading “Tech Startups Move Forward in Africa”

Africa must prioritise tech to create opportunities for entrepreneurs, says Elumelu

Chairman, Heirs Holdings, Mr. Tony Elumelu has urged world leaders to prioritise technology in Africa to create economic opportunities and growth for millions of young African entrepreneurs on the continent. Elumelu, who is also the founder of the Tony Elumelu Foundation (TEF) spoke yesterday in France at the Tech for Good Summit 2019, when heContinue reading “Africa must prioritise tech to create opportunities for entrepreneurs, says Elumelu”