On the 1st of December, many Africans like myself received an email from Wave Accounting that it’s pulling out from all countries outside North America. Wave Accounting is a Toronto-based company that provides free invoicing & accounting software. Founded in 2009, Wave has over 3.5 million users all around the world. In 2019, it was […]
The merger between MumsVillage, a Kenyan company, and BabyBliss Nigeria is a demonstration of how e-commerce and Femtech will spread in Africa. Realising their shared values around serving expectant and nursing mothers, both companies came together as Bliss Group to deepen their penetration in two of Africa’s biggest tech-powered economies. MumsVillage and BabyBliss were each […]
Beyonic became a profitable company in 2018, five years after it was founded by Luke Kyohere and Dan Kleinbaum. Starting with a pilot in Uganda, the company figured out an efficient business model for delivering payment management solutions to small and medium businesses in Rwanda, Tanzania, Kenya and Ghana. The initial focus was mobile money […]
Where are the exits in Africa? This question often arises at African tech events and in social media groups featuring the continent’s ecosystem actors. When investors back companies, they expect to reap positive returns after a few years. But that only happens when those companies grow and become more valuable than they were at origin. […]
Through Malinzi Kisadha, co-founder of Digest Africa, we get a good understanding of the state of tech in the East African country.
Tokunboh Ishmael, Managing Director of Alitheia Capital, says her firm’s investment thesis is based off the impact investment strategy. She backs companies that have good business models and good impact on the common man.