As the African startup landscape continues to grow, the loss of a major venture studio like 54 Collective leaves a gap in the ecosystem
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Internet shutdowns are increasingly being used as a tool for repression and censorship across Africa. By cutting off access, governments are infringing on freedom of expression, access to information, and digital rights
2024 was a defining year for Africa’s fintech sector, as it solidified its position as the darling of investors, drawing in over $1 billion in funding. This remarkable achievement not only marked a 47 percent share of total startup funding but also showcased the sector’s resilience and potential for growth. Let’s take a deep dive…
Africa’s infrastructure deficit remains a formidable challenge, with the African Development Bank (AfDB) estimating annual needs of $130-$170 billion and a funding shortfall of up to $100 billion. The World Bank underscores the urgency, noting that Sub-Saharan Africa needs to invest 7.1% of its GDP annually to meet sustainable development goals. However, current investments linger…
A recent report by Flourish Ventures, titled “Passion and Perseverance: Voices from the African Founder Journey”, has unveiled the mounting challenges faced by Nigerian founders. Chief among these is the country’s soaring inflation rate, with 66% of Nigerian founders identifying it as their top stressor. The study, which surveyed 169 founders across 13 African countries,…
Ghana has emerged as West Africa's most targeted nation for cyberattack during the first half of 2024, according to NETSCOUT’s 1H2024 DDoS Threat Intelligence Report. In a period marked by increasingly frequent and sophisticated attacks, Ghana recorded a total of 4,753 distributed denial-of-service (DDoS) attacks, which predominantly targeted computer services and telecommunications sectors. Specifically, businesses…
Africa is leading the world with the highest proportion of women entrepreneurs, a trend that is particularly evident in South Africa.
