While there are very few banks in Nigeria actively developing a policy on renewable energy, those who are doing so are having to deal with issues like limited knowledge of the sector, finding borrowers with the required technical expertise and specific issues like payments collection and meter tampering.
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The high price of solar (few years ago) and the urgency of reaching rural consumers with electricity are some of the reasons most investors have not been keen on urban consumers.
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Right now the African API economy is still in its formative stages but it holds immense potential – for consumers and the tech ecosystem as a whole.
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If the IPOs are not happening then at least the acquisitions and PE buyouts should be happening more.
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Across East Africa, it’s safe to say Kenya is leading the hardware race.
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Telcos are a very important part of the startup ecosystem, for one many startups deliver their products and services via mobile networks and the…
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As may be apparent, social innovation and entrepreneurship is very much still in its infancy in East Africa, compared to other parts of the continent.
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It’ll be a better managed pipeline for Nigeria’s corporates (and other private investors) to actively participate in the Nigerian tech ecosystem.
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VCs are entirely dependent on founders – validating the founder perspective is paramount to engendering trust and bridging skepticism.
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I sent surveys about valuation to 28 early-stage investors across Africa – founders and funders win when transparency around appraisal expectations are mutually clear.
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Social entrepreneurs involved in education, health and nutrition, financial inclusion, and agriculture are welcome to apply
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The pitch doesn’t matter, a good business speaks for itself, right? Wrong.
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Here are the 4 truths that no one ever tells you about raising capital.
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There are no shortcuts to success. For too many entrepreneurs, this is what the idea of a startup incubator has become.
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Dis gon be gud.
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The incubator and tech space has raised funding from a number of local investors in order to help it scale operations and become more sustainable.
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Two funds totaling $60M will be invested in scaling up African ventures, with investors looking to bridge the funding gap between Africa and the rest of the world .
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Doubling down
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The funding is expected to advance BRCK’s operations and expand the company’s reach.
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The funding is from a group of local and international investors, led by early-stage venture capital fund Garage Capital based in Silicon Valley.
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