Startups Africa
3 Important Reasons for African SMEs to Revise their Business Models Post-COVID
Image sourced from CodeXtra Trends, /* custom css */ .tdi_4_3b6.td-a-rec-img{ text-align: left; }.tdi_4_3b6.td-a-rec-img img{ margin: 0 auto 0 0; } For every company, innovation is tremendously important, but in many cases, innovation is only associated with new products or technical renewals. However, business model innovations can be significantly more profitable, and current pandemic-driven changes in customer behaviour and technological innovations have created a window of opportunity for companies to explore new business models. Every company has a business model, but at times, this must change to ensure the company’s ongoing success and ultimately, its survival. /* custom css */ .tdi_3_a9d.td-a-rec-img{ text-align: left; }.tdi_3_a9d.td-a-rec-img img{ margin: 0 auto 0 0; } Even minor ...
Startup “Unicorns” Help Mobile Money Soar in Africa
Image sourced from WeeTracker. /* custom css */ .tdi_4_c6c.td-a-rec-img{ text-align: left; }.tdi_4_c6c.td-a-rec-img img{ margin: 0 auto 0 0; } A recent GSMA report reveals that there are 1.2 billion registered global mobile money accounts. 560-million of these registered accounts are in Africa. The GSMA, which represents several mobile network firms, states that “Sub-Saharan Africa has been at the forefront of the mobile money industry for over a decade, and in 2020 continued to account for the majority of growth.” FinTech Unicorns Running Wild in Africa Now, five African fintech startups, Flutterwave, ChipperCash, Interswitch, Paga and OPay are now being identified as “unicorns” by investors, the business media and analysts following the surge of mobile payments. /* custom css */ .tdi_3_4...
Cape Town Tech Startup Secures $14.5-Million More in Funding
“In emerging-market megacities, hundreds of millions of people use public transport to get where they need to go. Before WhereIsMyTransport, there was no central source of data for these networks, despite their size, scale, and importance,” reads a blurb on the startup’s official website. “WhereIsMyTransport helps people understand mobility in emerging-market megacities. We’re trusted by industry leaders like Google, the World Bank, and WSP.” Founded in Cape Town in 2015, the tech startup focusing on mobility creates data maps for formal and informal public transport networks in cities and uses this data and tech to improve the public transport experiences of commuters. WhereIsMyTransport hopes to make public commutes more reliable, predictable, safe, inclusive and more accessible to indiv...
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