With strong interest in the sector from consumers & investors, robust entrepreneurial activity, and a range of conducive factors, Africa appears to be a ripe market in the medium- and long-term.
Global interest in African fashion continues to rise, and innovators are leveraging the internet's reach to execute a variety of business models.
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?
Private equity and venture capital funds remain Africa’s best hope for economic growth, but investors need to adapt their approach to local markets.