Entrepreneurs & investors thrive by serving the needs of Africa's informal sector and the opportunity remains large.
While access to capital is still a widespread issue in Africa, these ventures successfully raised significant amounts (US $500,000+) so far in 2017.
What can startups in African countries with smaller populations and lower consumption/spending levels do to grow and scale?
When comparing & contrasting the top Google Play apps across South Africa, Nigeria, Kenya, Ghana, and Tanzania, several overarching and country-specific themes emerge.
'ICASA' is replacing 'BRICs' as the mental model for growth in emerging markets. Within ICASA, Africa's demographics are particularly favorable for above-average growth. Read more.
Private equity and venture capital funds remain Africa’s best hope for economic growth, but investors need to adapt their approach to local markets.