Africa Tech Series’ Post

Under this year’s theme, “Shared Challenges, Shared Solutions: Value Creation for a Resilient and Inclusive Ecosystem”,  join us to explore collective solutions for Ghana's entrepreneurial ecosystem. This gathering of influential ESOs, funders, development partners, government representatives, and entrepreneurs is a key opportunity to strengthen partnerships, address common challenges, and co-create a roadmap for sustainable growth. Register today and join us virtually:  https://bit.ly/4e8kccf  Time: 9am Impact Investing Ghana The RISA Fund FMO - Dutch entrepreneurial development bank Innohub Association of Ghana Startups @CEED Social Enterprise Ghana (SEG) MBC Africa Reach for Change ScaleUp Africa Mirepa Capital Ltd Ghana Hubs Network Ghana Enterprises Agency A NEIP Innovation Adinkra Spark Hub  Association of Ghana Startups Crescendo Foods Ghana Kumasi Hive  iValley Ghana Challenges Ghana Coalition for Positive Impact @Developers Academy Footprints Africa  Fincap Securities Limited MEST Africa International Trade Center ITC) Kosmos Innovation Center Ghana(KIC) GSG Impact Impact Investors Foundation IIF #EcosystemForChange #ESOForum2024 #GhanaEntrepreneurship #ResilientEcosystem

Africa’s Digital Economy Starts Here! We’re thrilled to announce the Eko Revenue Plus Summit 2024, happening on November 26–27, 2024, at the iconic Federal Palace Hotels & Casino, Lagos. With Lagos contributing over $150 billion to Nigeria’s GDP, hosting 60% of the country’s tech startups, and attracting $1 billion in annual investments, this summit will focus on: 🔹 Innovations driving the digital economy 🔹 Opportunities for investment and collaboration 🔹 Empowering SMEs and fostering sustainability Don’t miss this chance to connect with policymakers, industry leaders, and global investors shaping Lagos’ future. https://lnkd.in/eBJqBRSA Babajide Sanwo-Olu Abdul-Kabir Opeyemi Ogungbo Modo Ante Abiola KabiruDigital Ad Planet Alphabeta Consultants Wema Bank Plc.Access Bank Plc Sterling Bank #EkoRevenuePlus2024 #DigitalTransformation #LagosEconomy #TechLeadership #InnovationSummit #EconomicGrowth #AfricaTech #LagosState

🌍 Reflections from the recent Africa Tech Festival in Cape Town 🇿🇦 Our Investment Manager Philani Mzila CDFA joined an esteemed panel of tech ecosystem leaders consisting of Miranda Perumal (Founder of scale), Vuyani Tati (Managing Director, Startupbootcamp AfriTech), Sherif Nessim (Founder and Managing Partner, Jedar Capital), and Zachariah George (Managing Partner, Launch Africa Ventures) to unpack one of the most nuanced challenges in startup investing: crafting fair and transparent term sheets. The Collaborative Spirit of Funding Imagine term sheets not as rigid legal documents, but as a collaborative journey between founders and investors. The panel emphasised that this process is about building mutual understanding and alignment. The Ethics of Valuation One fascinating discussion point was the ethical considerations around round pricing. Not all valuation changes are created equal. Context matters – whether it's time elapsed or fundamental shifts in the company's trajectory. The Bigger Picture This isn't just about numbers on a page. It's about creating an ecosystem where African startups can thrive, where communication is clear, and where both founders and investors feel respected and heard. 💡 Key Learnings: • Founders should take the lead in drafting initial terms that reflect their startup's vision • Investors are partners, not just financiers – they're there to guide and clarify financial complexities • Transparency isn't just a buzzword; open and honest communication are the foundation of successful startup-investor relationships Stay tuned for more insights from Africa Tech Festival and what we got up to While you're at it, visit our website www.54collective.vc #54Collective #AfricaTechFestival

Africa is the region home to the most investors active in Africa. In 2023, 35% of investors who were involved in at least one deal in #Africa ($100k+) were headquartered on the continent. #Africa #AfricaTech #startups

𝐒𝐞𝐞𝐝𝐬𝐭𝐚𝐫𝐬 𝐀𝐟𝐫𝐢𝐜𝐚 𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬 𝐈 𝐑𝐞𝐚𝐜𝐡𝐞𝐬 $𝟒𝟐𝐌 𝐅𝐢𝐫𝐬𝐭 𝐂𝐥𝐨𝐬𝐞 Seedstars Africa Ventures has achieved a milestone with a $42 million first close, announced at the 2024 Africa Investment Forum in Rabat, marking a major step toward its $80 million target. The venture capital fund, backed by prominent investors including the African Development Bank Group, EIB Global, and Boost Africa, provides early-stage financing of up to $2 million for seed and Series A rounds, with follow-on investments of up to $5 million, focusing on climate tech, financial inclusion, and digital innovation to create over 10,000 formal jobs across Africa. The fund has already demonstrated its impact by deploying $10 million across five pioneering startups in multiple African countries, including Beacon Power Services in Nigeria, poa! internet in Kenya, and Bizao | Payment hub in Africa in Côte d'Ivoire and Senegal, collectively serving over 60 million people. Led by founders Maxime Bouan, Tamim El Zein, and Bruce Nsereko-Lule, who bring 45 years of combined investment experience, the fund prioritizes gender equity through alignment with 2X Challenge criteria and has already achieved social impact, connecting 60,000 households to the Internet, supporting 50,000 farmers, and providing financial services to 30,000 individuals. #SeedstarsAfrica #VentureCapital #AfricaInnovation #ClimateTech #FinancialInclusion #DigitalTransformation #StartupFunding #ImpactInvestment #GenderEquity #AfricaStartups

Ghana's 20-year-old #venturecapital and #privateequity (VC/PE) ecosystem has demonstrated remarkable resilience and adaptability, emerging stronger from the challenges posed by #COVID-19. Deal volume has surged by an impressive 78% compared to pre-pandemic levels! 🚀 What does the future hold for this dynamic sector? What initiatives might drive further expansion, and what constraints could limit growth? As a follow-up to the @World Bank’s 2016 study, #GVCA, in collaboration with its partners, has published this data-rich report to answer these critical questions. The report traces historical trends, assesses impacts, identifies opportunities, and highlights challenges, providing invaluable insights into the current and future landscape of Ghana's VC/PE sector. Whether you are a Limited or General Partner, an ecosystem enabler, a policymaker, or a financial researcher, this report offers essential guidance for navigating and leveraging the opportunities within this burgeoning sector. The future of Ghana’s VC/PE sector looks promising, with venture capital and private equity playing a pivotal role in driving economic growth and entrepreneurship across the country and Africa. 🌍✨ Click the link below to download the full report! https://lnkd.in/dD6UKAsw AVCA - The African Private Capital Association Venture Capital Trust Fund International Trade Centre FSD Africa British International Investment Ghana Investment Support Programme Mastercard Foundation Injaro Investments Limited Mirepa Investment Advisors Verod Veritas Capital Deloitte EY KPMG Ghana PwC Innohub Sarpong Capital Adenia Partners UK-Ghana Chamber of Commerce American Chamber of Commerce in Ghana Uhuru Investment Partners Zebu Investment Partners Wangara Green Ventures Growth Investment Partners (GIP) PMC Capital Partners CardinalStone Bentsi-Enchill, Letsa & Ankomah Abromex Consult Limited GFA Consulting Group GmbH @LEM Zinari Capital Ltd Pangea Global Ventures Stanbic Investment Management Services Investisseurs & Partenaires - I&P Africana-ENS Norfund Sacrefilms CAVEHOUSE COMMUNICATIONS South African Chamber of Commerce and Industry Development Bank Ghana #GVCARoadmap #VentureCapital #PrivateEquity #Investment #EconomicGrowth #Entrepreneurship #GhanaVCPE #GVCAReport2023 📚💼💡

At the Africa Tech Forum, industry players will share insights on ‘Venture Capital Investing In Africa Amidst Turbulent Macroeconomic Conditions’, this panel will delve into the evolving landscape of startup funding in Africa, exploring the impact of the current funding slowdown. Panelists will discuss strategies for navigating this challenging environment, including adjusting pitches, identifying opportunities, and considering alternative funding sources. The panel will also examine the potential benefits and drawbacks of raising capital in local currency and its implications for the African startup ecosystem. Industry leaders set to engage in discussions on venture capital investment in Africa will include; 📌Els Boerhof, Managing Partner at Goodwell Investments , 📌Akshay Grover, Founder at amadi, 📌Esther Ndeti, Managing Partner at Unconventional Capital, 📌Joyce-Ann Wainaina, Managing Partner at Chui Ventures Join us at the Africa Tech Forum on the 21st of November, 2024 in Kigali. Visit https://atf.eventhive.ng to register.

As we approach Africa Early Stage Investor Summit 2024, I'm reflecting on Mauritius' unique position in the African investment landscape. 🇲🇺🌍 Having witnessed Mauritius' role as a gateway for African investments during my private equity days, I'm convinced we can replicate this success in early-stage investing. 🚀 Since COVID-19, we've seen a surge in innovative entrepreneurs tackling real societal and environmental challenges. Yet, a critical gap remains — early-stage funding. Too many promising ventures wither due to lack of financial support. 🌱 At Mo Angels, we're proud to have nurtured entrepreneurs from their earliest days, watching them grow and make an impact. But we need more. We need policies that encourage angel investing, innovative financing instruments, and a shift in mindset 🔄💡. In this dynamic era, Mauritius has a significant opportunity to position itself as a key player in Africa's entrepreneurial ecosystem. We have the foundation to become a launchpad for innovative ventures across the continent. 🙌🏽 #AESIS2024 is an important step in this journey. It's a chance for us to learn, connect, and collaboratively address the challenges in early-stage investing. 🤝📈 #AESIS2024 #EarlyStageInvesting #MoAngels #AngelInvesting #StartupEcosystem #Innovation #Africa #Mauritius

Proud of the work we’re doing at Secha Capital to reshape how investment is approached in African markets, especially by investing in traditional industries. This article dives into why our operator-investor model matters and how it’s helping businesses thrive in unique ways.  https://lnkd.in/ePreW7V6

It's #TechTidesTuesday! 🌍 "The standard VC playbook often overlooks critical African contextual factors," says Rushil Vallabh, co-founder and co-managing director at Secha Capital. 📰 Andile Masuku's TechTides column in African Tech Roundup and Business Report this week features in-trench insights from Vallabh and one of Secha's operator-investors Masedi Madisha as their model challenges conventional VC wisdom. 🔗 Link to the full article in the comments! Key takeaways: 1. Secha's contrarian approach focusing on traditional industries is gaining validation with a R300M first close of their second fund 💰 2. Long-hold strategy funds outperform short-duration funds by 2-3x in developing markets 📈 3. Employee equity ownership shows promising results - 90% choose shares over cash bonuses 🌟 4. Recent tech startup failures highlight limitations of the "grow-at-any-cost" mentality in African markets 🚧 As Africa's tech ecosystem navigates the aftermath of the 'grow-at-all-costs' era, could Secha's model bridge the gap between traditional and digital economies? #VentureCapital #Innovation #StartupAfrica #ImpactInvesting