News, Stories, Events, & Trends that shape the Eastern African region
Outside of tracking fundraising metrics, the last $12bn to $15bn invested in African startups through VC should have been a learning experience. So what are we learning about these experiments in African venture capital so far?
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In 2012, Jumia, Africa’s first ecommerce giant, revolutionised shopping by offering the service online, alongside shipping. Since then, they have grown as a market leader over the African continent. They have also gone on to list their shares on the stock exchange, in 2019. The listing went well; their stock prices surged 75% on its first day of trading. This made the company a unicorn with an over $3 billion valuation. But four years after that IPO, everything has crashed. Its stock now trades at somewhere around $4, losing nearly 70% of its value since its listing date.
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Tokunboh Ishmael, Alitheia IDF co-founder and an early investor in the African tech space, shares perspectives on impact investing.
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Microsoft’s partnership with M-PESA Africa aims to digitally upskill Micro, Small, and Medium Enterprises (MSMEs) across Africa, bridging the skills gap and fostering economic growth. Discover how this collaboration is set to transform the future of African small businesses.
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irtel Africa, in partnership with the Rwandan government, introduces an affordable 4G smartphone as part of the ConnectRwanda 2.0 initiative. Discover how this public-private partnership is set to boost digital inclusion and drive economic growth.
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Microsoft’s partnership with Flutterwave aims to revolutionize payment solutions for African SMEs. Discover how this collaboration will drive economic growth and digital financial inclusion across the continent.
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As we mark 1 year since the passing of her late majesty Queen Elizabeth II, we reflect on the profound impact of her reign, not only on the United Kingdom but also around the world. Queen Elizabeth II, who ascended to the throne in 1952, held the distinction of being the longest-reigning monarch in British
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In recognition of the relationship between climate change and Africa’s development, African Heads of State have agreed to lead the way in finding sustainable solutions to the climate crisis during the Africa Climate Summit, held at the Kenyatta International Convention Centre in Nairobi and presided over by H.E William Ruto. The African leaders expressed their
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In an effort to restore dignity and empower the girls and women in Bidibidi refugee settlement, Uganda Red Cross Society (URCS) through the Bimysawa and Humanitarian Protection 1 projects have distributed Menstrual Hygiene Management (MHM) Kits to over 4,500 beneficiaries. These projects, with support from the Austria Development Cooperation, Belgian Red Cross Flanders, and Austrian
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