Efosa Ojomo shares three insights on the supreme importance of carefully and intelligently deploying #venturecapital in Africa. To learn what they are, read his latest piece: https://lnkd.in/g9m7w5iH #economicdevelopment #prosperity #Africanentrepreneurship
Clayton Christensen Institute’s Post
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🇨🇮 Calling all visionaries in Côte d’Ivoire: Are you ready to scale your business to new heights and create a lasting impact? The develoPPP Ventures program is open for applications—secure up to EUR 100,000 in catalytic funding! Who Should Apply? This program is tailor-made for innovative, growth-stage companies that: - Are registered in Côte d’Ivoire (or plan to register there before the investment) - Are privately owned and profit-oriented - Have at least one annual financial statement under their belt - Have a viable business and financial plan ready to roll - Are already generating revenue (yes, Proof of Concept is a must!) - Have raised less than EUR 2 million in funding so far What’s in it for You? Growth Financing: Secure matching investment of at least EUR 100,000 from other sources, and develoPPP Ventures will amplify the impact with up to EUR 100,000 in non-dilutive funding. Growth Advisory: Expert guidance to scale your business and refine your strategy for you to have the knowledge, tools, and mentorship to tackle challenges head-on and achieve sustainable growth. Why Côte d’Ivoire, Why Now? This is the first-ever rollout of develoPPP Ventures in Côte d’Ivoire! Building on its success in African markets like Ghana, Nigeria, Kenya, and South Africa, develoPPP Ventures is thrilled to bring this unique opportunity to Ivorian entrepreneurs. The Process 1️⃣ Submit your application by December 31st, 2024 2️⃣ Shortlisted companies will pitch to the develoPPP selection committee 3️⃣ Successful candidates will undergo due diligence and secure their spot in the program Don’t Miss Out—Visit the application portal here for more details: https://lnkd.in/dv6fa3us Your chance to grow, innovate, and transform Côte d’Ivoire starts now ✨ Spread the word to extend this opportunity to local entrepreneurs! #develoPPP #develoPPPVentures #IvoryCoast #Funding #Capital #Investment #Entrepreneur #Entrepreneurship #Startup #Tech #VentureCapital #preSEED #SEED #EarlyStage #Venture #VentureFinance #Catalytic #Abidjan #CotedIvoire
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The Impact of Economic Policy and Infrastructure on Startup Investment in Africa Africa has emerged as a thriving hub for innovation and entrepreneurship, with a growing number of startups making their mark on the global stage. However, the success and growth of these startups are heavily influenced by economic policies and the state of infrastructure in the region. In this article, we will explore the impact of economic policy and infrastructure on startup investment in Africa, highlighting the challenges and opportunities that exist for entrepreneurs and investors. Read More: https://lnkd.in/dGpDbSRG #EconomicPolicy #AfriBlocksPublication
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As an exclusive network deeply committed to advancing entrepreneurship across Nigeria and Africa, at #LAN we are dedicated to empowering the broader business ecosystem as we seek to transform the landscape for #startups and innovators in our vibrant community. 🔍 What We Do: Educate Angel Investors: We provide comprehensive education and insights to #angelinvestors, enhancing their understanding and skills to make impactful investments. Facilitate Investments: By connecting promising early-stage startups with the right #investors, we help secure the essential capital these young companies need to soar. Advocate for Policy: We are active in advocating for policies that support sustainable development in both the private and public sectors, ensuring a favorable environment for business growth and innovation. 🌍 Why It Matters: Our work not only fuels the entrepreneurial spirit but also drives tangible #growth and innovation across Africa. By investing in education and advocacy, we strengthen the foundation of the entire #ecosystem, making it more robust and resilient. 🤝 Join Us: Whether you're an investor looking to make a difference, a startup seeking support, or an #advocate for better business policies, there’s a place for you in the LAN community. Together, we can unlock potential and create a thriving, #sustainable future. 📲 Stay Connected: Follow us to stay updated on our initiatives, success stories, and how you can be a part of this exciting journey! Kola A.| Olumide Soyombo | Yemi Keri | Iyinoluwa Aboyeji | Biola Alabi | Adeolu Adewumi-Zer | Solomon King | Damilola Busari #LagosAngelNetwork #InvestInAfrica #StartupFunding #Innovation #Entrepreneurship #AfricanStartups #SustainableDevelopment
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⏰ Deadline extended: Businesses from #Ghana can apply for the #develoPPP Ventures 100,000 euro #grant until April 5, 2024! We’re happy to announce that the call for applications has been prolonged for five more days. This is meant to compensate for the time lost due to the internet service disruptions throughout West #Africa. Does your #startup have a positive impact on development in Ghana? Then make the best of the extra time and apply for 100,000 EUR grant #financing to #scale your business model! 🚀 Learn more about the criteria and submit your #application here: https://lnkd.in/dv6fa3us Questions? Write us at applications@greentec-capital.com or on WhatsApp https://lnkd.in/dFwfRgbA develoPPP #Ventures is an initiative of the Federal Ministry for Economic Cooperation and Development (#BMZ), implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (#GIZ) GmbH. The initiative is supported in Ghana through Scio Network and GreenTec Capital Partners. #Funding #Investment #GhanaEntrepreneurs #ImpactInvesting #fundingInnovation #VC #Entrepreneurship #ventureCapital #preSEED #SEED #EarlyStage #Venture #VentureFinance #Funding #Entrepreneur #Founder 🌱✨
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Sawari Ventures TO PROMOTE EGYPTIAN COMPANIES Read: https://lnkd.in/dYFnx4Qk Follow Business World Africa for exciting news updates in the African business space #business #africa #egypt #capital #news
SAWARI VENTURES TO PROMOTE EGYPTIAN COMPANIES WITH $150 MILLION
https://businessworld.africa
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Nurturing Innovation Afrigrow Global Fund - Your Partner in Africa's Growth Story In the dynamic landscape of African entrepreneurship, where innovation and ambition converge, Afrigrow Global Fund stands tall as a beacon of opportunity and growth. As the heartbeat of Africa's burgeoning startup ecosystem, Afrigrow catalyzes the dreams of visionaries, propelling them towards unprecedented success. At Afrigrow, our ethos revolves around fostering innovation, empowering entrepreneurs, and driving impactful change across the continent. With a dedicated team of seasoned experts, we navigate the intricacies of the investment landscape, meticulously identifying and nurturing the brightest gems within Africa's entrepreneurial tapestry. Our approach transcends mere financial backing; we forge enduring partnerships with entrepreneurs, offering strategic guidance, operational expertise, and unparalleled access to a vast network of industry leaders and thought pioneers. We understand that true growth extends beyond capital infusion; it requires mentorship, support, and a steadfast commitment to nurturing visionary ideas into transformative realities. What sets Afrigrow apart is our unwavering focus on innovation. From groundbreaking fintech solutions to disruptive agritech ventures, we believe in the power of innovation to drive sustainable growth and foster positive change. Our portfolio reflects a diverse array of industries, each imbued with the promise of revolutionizing Africa's socioeconomic landscape. Moreover, Afrigrow is deeply rooted in the principles of sustainability and social responsibility. We actively seek out ventures that not only generate financial returns but also create meaningful impact, uplifting communities and driving inclusive growth across the continent. With Afrigrow, your investment isn't just a financial transaction; it's a catalyst for positive change, shaping the future of Africa for generations to come. As you embark on your entrepreneurial journey, Afrigrow Global Fund stands ready to be your trusted partner and steadfast ally. Whether you're a visionary founder with a transformative idea or an investor seeking to be part of Africa's growth story, Afrigrow offers a gateway to unparalleled opportunities and boundless potential. Join us in shaping the future of Africa – together, we will unleash the continent's full potential, one innovation at a time. Welcome to Afrigrow Global Fund, where dreams take flight, and the future is limitless. #africa entreprenuers#venture capitalism #Africa
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Endeavor South Africa Secures First Close of ZAR190 Million for Harvest Fund III Endeavor South Africa has achieved the first close of its ZAR500 million (US$28.8 million💵) Harvest Fund III, raising ZAR190 million (US$11 million) in capital. This fund aims to drive growth in🆕 tech-related companies with high potential across the African🌍 continent. Key Takeaways 🛅from Harvest Fund III: - Investment Focus: Harvest Fund III plans to target 🏦companies within Endeavor’s vetted portfolio, consisting of 135 high-growth businesses. The goal is to invest in 20 to 25 companies in Southern Africa 🇿🇦, and five others across the African continent. - Track Record 📈: This follows the success of Harvest Fund II, which completed 19 investments in 17 companies with a focus on high-potential, market-leading entrepreneurs. - Strategic Approach: Endeavor’s capital markets lead, Antonia B., emphasized the strategy of investing in founder-led companies with scalable intellectual 💡property and strong growth prospects 🆙. Read more on how Endeavor South Africa is fostering the growth of African tech companies (https://lnkd.in/dWbxfA8K).
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The startup ecosystem in Africa has encountered significant challenges regarding funding. According to a report by Disrupt Africa, foreign venture capitalists provide 77% of venture funding on the continent, contributing to instability. African businesses have been severely impacted by recent changes in global venture capital trends, commonly referred to as the "funding winter," which have resulted in significant restructuring and some cases, closures. Multiple factors are attributable to these difficulties: - Insufficient funding: restricted availability of capital poses a challenge for entrepreneurs seeking to expand. Risk aversion among investors discourages the provision of capital, a critical element for the success of early-stage ventures. - Market difficulties: Growth in revenue is hampered by fragmented markets and varied consumer behaviour. Product misalignment with local market dynamics results in market mismatch. Frequently, scaling necessitates operations in multiple nations, which presents additional obstacles. - Obstacles in regulations: Regulatory red tape imposes further obstacles on emerging enterprises. We must construct a more robust local funding ecosystem, conduct superior market research, and expedite regulatory processes to overcome these challenges. By addressing these concerns, we can unlock the true potential of African entrepreneurs and foster sustainable growth. Collectively, we must create an environment that supports entrepreneurship and innovation across the continent. #KasiAfrique #Innovation #Entrepreneurship #JobCreation #AfricaDevelopment
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Why the USA Entrepreneurship Speaking Tour: Africa is the final frontier for global economic growth. The continent is teeming with innovative startups, disruptive technologies, and visionary founders who are poised to transform industries and reshape the future. This tour is our chance to showcase the continent's investment-worthy prospects and inspire a new wave of impact-driven capital.I will delve into a range of pertinent topics, from the rise of impact investing in Africa to the unique challenges and opportunities faced by African entrepreneurs.I will share case studies of successful African ventures, highlight promising sectors ripe for investment, and provide practical insights on navigating the complexities of doing business in the continent. The tour's significance extends far beyond mere knowledge-sharing. It serves as a crucial platform for forging meaningful connections and unlocking tangible investment opportunities. #HustlersSummit #Billionaire_under_Construction
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🌟 Join the SA Startup Act Movement! 🌟 Support the development of entrepreneurship in South Africa! We are advocating for a Startup Act to empower high-growth entrepreneurs and provide them with the benefits seen in other countries with similar legislation. 📊 Why a Startup Act Matters: Attract Foreign Investments: Create a more attractive environment for international investors. Boost Employment: Increase job opportunities through startup growth. Tax Breaks: Offer financial incentives to help startups thrive. Access to Capital: Simplify the process of obtaining funding. Skilled Labor: Facilitate access to a talented workforce. Mentorship: Provide guidance and support for effective business management. The larger our network of advocates, the stronger our case to convince the government to implement new legislation. By joining the movement, you can help shape a better future for South African startups. 👥 Join the Movement: Strengthen our collective voice and make a real impact. 🔗 https://bit.ly/3kwdQKl #SAStartupAct #JoinTheMovement #Entrepreneurship #Innovation #StartupGrowth #BusinessGrowth #TechStartups #SouthAfrica #SupportStartups Adrian Dommisse Dommisse Attorneys Inc Arnold Sigauque Alison Collier Endeavor Darkies in Tech SiMODiSA Association Allan & Gill Gray Philanthropies Southern African Venture Capital & Private Equity Association (SAVCA) Christophe Viarnaud Cleola Kunene JSE Caitlin Nash GIIG Africa Raadhika Sihin Buntu Majaja SA Innovation Summit Sanjay Soni CA(SA) SAFEERA MAYET Aalia Manie Michel Weiss Counder
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