🌍 Why Africa is the Next Big Startup Frontier Africa is not just rising; it's roaring. 🚀 The continent is rich with untapped potential and innovation waiting to make a global impact. From fintech breakthroughs in Nigeria to agricultural tech in Kenya, African startups are solving pressing local issues while setting the stage for global disruption. With a young, dynamic population and increasing mobile connectivity, the time has never been better for entrepreneurs to step up. But let's face it: challenges like funding access and infrastructure still exist. That's why as venture builders, our role in supporting scalable solutions and sustainable growth is critical. So, to all founders out there: What unique challenges have you faced on this journey? And what opportunities do you see that others might overlook? Let's keep the conversation going and shine a light on Africa's innovative energy! 🌟 #AfricanStartups #Innovation #VentureBuilding #Entrepreneurship #OpportunityAwaits
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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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Building in public has changed my life. It’s opened up opportunities, connections, and visibility. I believe that the world will continue to move away from the typical "credentials", and more towards building an online portfolio of the work you do. I also believe that building in public is great for transparency, accountability, and knowledge-sharing. During my time in various African countries, I’ve observed a unique arbitrage opportunity: There’s an abundance of untapped potential, but a gap between those who see it and those with the resources to seize it. So now, I’m taking things a step further with "Build in Public Africa" — an incubator funding African entrepreneurs (starting in Uganda 🇺🇬) to publicly build and document both global and local projects, aiming for profitability. Why Africa? 🌍 The lower cost of living means you can achieve far more with much less capital, especially when that capital comes from abroad. I also get to live vicariously through the builders in this incubator because this is exactly what I would do if I were in their shoes. And by documenting publicly, we create a valuable resource so everyone can learn from those building in the trenches. This real-world data will become an invaluable asset as more people join the movement to learn, build, and create profitable ventures! Let’s create something big together. 🚀 #BuildInPublic #AfricaTech #Entrepreneurship #UgandaTech
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🌍Africa's Hidden Market Potential. Did you know? Less than 0.5% of Africa's population lives above $50 per day. The real opportunity in Africa lies not just in serving existing markets but in creating new ones. In a recent discussion, Kola A. of Ventures Platform Fund delves into the transformative potential of addressing this gap. He emphasizes the importance of building businesses that not only cater to existing consumers but also actively engage and uplift non-consumers. "What we need to get right as an ecosystem of investors and founders is to ensure that we are building the right kinds of businesses that are able to bridge the gap between consumption and non-consumption." What are your thoughts? How we can foster innovation that unlocks consumer potential in Africa. #VentureCapital #BusinessInnovation #EconomicDevelopment #ImpactInvesting #Entrepreneurship Content source: Startup Caps EP1: Understanding the investment landscape for African startups (CNBC Africa) https://lnkd.in/df_bPcMQ
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Dive in to discuss reasons to invest in Africa (aswell as some notes on why not). Personally I find the upside more appealing! More potential impact, great startups, great talent pool and a pleasure to do business with African founders.
VC Fund Founder | Unlocking Investor Access to Outsized Returns & Impact | Connecting Startups to Capital
What stops investors from prioritizing African startups? Let's dive into their fears. Investors may hesitate to dive into Africa's vibrant startup scene. But why? Here's what I think holds them back: 🔍 Fear of the unknown: Africa's vast diversity can seem daunting. Unfamiliarity with markets makes investors cautious. 🔍 Stereotypes: Many still hold outdated views. They overlook Africa's innovation due to persistent myths. 🔍 Perceived risks: Political instability and infrastructure challenges deter many investors. But here's the flip side: ✨ Untapped potential: Africa hosts a burgeoning population of youthful entrepreneurs ready to disrupt industries. ✨ Growing economies: Several African nations show rapid growth, offering a fertile ground for investments with outsized returns. ✨ Tech revolution: Mobile and tech innovations are booming, providing lucrative opportunities. So what should investors do? 1. Educate themselves on Africa's unique landscape. 2. Collaborate with local partners who understand the terrain. (Me😁) 3. Recognize Africa's potential beyond stereotypes. Africa awaits those ready to embrace its challenges and opportunities. 🌍 What's your take on investing in African startups? #VentureCapital #EmergingFundManagers #VC #Innovation #Entrepreneurship #ImpactInvesting #ProfitWithPurpose #FinanceRevolution #EducationEquality #VentureCapital #edtech #VentureCapitalAForceForGood #edtechforgood #socialinnovation #designforgood #socialimpact #education #Startups #VentureCapital #AfricanVentureCaptial #africantech #africanvc #AfricanStartups
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🎯🎯🎯 Have you ever thought about why startups in Africa find it difficult to navigate the real business world? Check ✅ this out! Conquering the Climb: Key Challenges for African Startups. Africa is brimming with entrepreneurial spirit, but startups face unique hurdles. Here are some of the biggest challenges: ♦️Funding Gaps: Securing funding remains a major obstacle. Banks may be risk-averse, and venture capital is limited. ♦️Limited Infrastructure: Unreliable power, internet connectivity, and transportation can hinder growth. ♦️Regulatory Hurdles: Complex regulations and bureaucracy can slow down the launch and operations of startups. ♦️Skilled Talent Shortage: Finding qualified employees can be challenging, especially in specialized fields. 📌 We can agree here that, starting and running a successful business in Africa is not just a rollercoaster but it takes a man or woman fueled with an entrepreneurial spirit and with key character traits like bearing a vision and implanting it in other people who will implement it. It's not 🚫 a day's journey it's a life's time journey you're embarking on. Are you ready to disrupt the code? 💡💡💡 Despite the challenges, there are solutions and support available. Join EYE A4C Network to learn how you can navigate the real world of business. #SparkLinkAfrica #EYE #A4C #Entrepreneurship #AfricanStartups #BuildingTheFuture
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Why is more investment in the African entrepreneurial landscape crucial? 🔸Highest Entrepreneurial Rate: Africa boasts the highest entrepreneurial rate globally, with 22% of the working-age population starting their own businesses. This highlights the immense potential and drive within our continent. 🔸Significant Funding Growth: In 2023, African startups secured substantial funding, with Kenya alone raising $880 million. This influx of capital is a testament to the growing confidence in African innovation and the opportunities available. 🔸Competitive Startup Environments: Africa's largest economies, such as South Africa, Nigeria, and Kenya, offer competitive startup environments with numerous incubators, co-working spaces, and a robust economic ecosystem. 🔸Higher Success Rates: Funded startups in Africa have a 72% higher success rate compared to their non-funded counterparts. This underscores the importance of investment in driving business success and sustainability. 🔸Rising Early-Stage Activity: Early-stage entrepreneurial activity in South Africa rose to 17.5% in 2021, up from 10.8% in 2019. This growth demonstrates the increasing dynamism and potential within the African startup ecosystem. Let's continue building the present and future of our great continent, Africa. Together, we can make Africa every global founder's dream destination for entrepreneurship and innovation. How can we do this without you? Are you interested in investing in Africa? Hit my Dm, let's build. #Entrepreneurship #Innovation #VentureBuilding #LeadershipDevelopment #AfricaRising
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Africa's vibrant startup scene is brimming with potential, however securing that crucial investment can feel like climbing Mount Kilimanjaro. Q1 2024 saw Africa receive less than 1% of global startup funding, despite representing nearly 19% of the world's population and contributing 3% to global GDP. But fear not, founders! In this post, we'll unveil 4 Noru Tips to get your African startup the funding it deserves. #Funding #Africa #NoruTips #NoruCapital
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Why is more investment in the African entrepreneurial landscape crucial? 🔸Highest Entrepreneurial Rate: Africa boasts the highest entrepreneurial rate globally, with 22% of the working-age population starting their own businesses. This highlights the immense potential and drive within our continent. 🔸Significant Funding Growth: In 2023, African startups secured substantial funding, with Kenya alone raising $880 million. This influx of capital is a testament to the growing confidence in African innovation and the opportunities available. 🔸Competitive Startup Environments: Africa's largest economies, such as South Africa, Nigeria, and Kenya, offer competitive startup environments with numerous incubators, co-working spaces, and a robust economic ecosystem. 🔸Higher Success Rates: Funded startups in Africa have a 72% higher success rate compared to their non-funded counterparts. This underscores the importance of investment in driving business success and sustainability. 🔸Rising Early-Stage Activity: Early-stage entrepreneurial activity in South Africa rose to 17.5% in 2021, up from 10.8% in 2019. This growth demonstrates the increasing dynamism and potential within the African startup ecosystem. Let's continue building the present and future of our great continent, Africa. Together, we can make Africa every global founder's dream destination for entrepreneurship and innovation. How can we do this without you? Are you interested in investing in Africa? #Entrepreneurship #Innovation #VentureBuilding #LeadershipDevelopment #AfricaRising
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Across Africa, entrepreneurs are shaping the future! Did you know around 22% of adults in sub-Saharan Africa are actively starting businesses? From tech hubs in Kenya to Agribusinesses in Nigeria, African entrepreneurs are creating jobs, driving innovation, and tackling local challenges. In 2021, African startups raised $5 billion in funding; proof that the world is noticing. "Entrepreneurs are individuals who take the initiative to create a new business or venture and solely assume the risks involved in bringing it to life. Entrepreneurs have a super power that is unmatched and unparalleled.” While it can be challenging to launch a business, every year, thousands of people embark on this entrepreneurial journey, determined to bring their visions and dreams to fruition and meet a need they see in the society. Entrepreneurship isn't just about profit; it's about empowerment and that's what we're all about at Craft and Scale Network; driving new ventures, creating opportunities that will strengthen economies and pave the way for future generations. Let's invest in Africa's future; support entrepreneurs today, and watch the continent shine tomorrow! #Entrepreneurship #Empowerment #Innovation #Craftandscalenetwork #CSN
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--- 🚀 Embracing Entrepreneurship in Africa 🌍 Africa's entrepreneurial landscape is thriving, with innovative startups emerging in diverse sectors, from fintech to agriculture. As we celebrate the spirit of entrepreneurship, let's recognize the impact of these ventures in driving economic growth and fostering innovation across the continent. Key Points: 1️⃣ **Innovation Hub:** Africa is becoming a global hub for innovation, with startups leveraging technology to address local challenges and create scalable solutions. 2️⃣ **Youth Empowerment:* Entrepreneurship empowers Africa's youth by providing opportunities for skills development, job creation, and economic independence. 3️⃣ **Investment Potential:** Investors are increasingly recognizing Africa's potential, fueling funding opportunities for startups and fostering a dynamic investment landscape. 4️⃣ **Social Impact:** Many African startups are driving social impact alongside profitability, contributing to sustainable development goals and improving livelihoods. Let's continue to support and celebrate the entrepreneurial spirit that is transforming Africa's future! 💪🏽 #Entrepreneurship #AfricaRising #Innovation #Agrotekgroupltd --- Would you like to add or adjust anything in this post?
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AI Product Manager
3moAwesome post, Joshua! Love seeing African startups rock it with unique solutions like drone farming!