Why Investors Are Piling into African Startups

Author Avatar

Bloomberg Originals

Joined: Nov 2024
Spread the love


Why Investors Are Piling into African Startups


Africa’s tech startups raised a record $5 billion in 2021 as investors piled into firms trying to fix the continent’s thorniest problems. But money isn’t flowing evenly.

#Africa #Tech #BloombergQuicktake

——–
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1
Become a Quicktake Member for exclusive perks:…

source

Reviews

0 %

User Score

0 ratings
Rate This

Sharing

0 0 votes
Article Rating
simple-ad

This is a demo advert, you can use simple text, HTML image or any Ad Service JavaScript code. If you're inserting HTML or JS code make sure editor is switched to 'Text' mode.

Subscribe
Notify of
guest
32 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
@WensInterlink

We are a Kenyan consultancy ,keen on facilitating agricultural projects to source funding . As the lead project consultants, we are seeking funds for an eco-friendly apicultural community project in Gabon

@nossJoester

Super Beitrag, danke für die Infos!

@nilomotta

Excelente dublagem.
Um assunto complexo que ficou muito esclarecedor

@wilcoxdaniel9825

Soft tech.. Africa has to concentrate on the hardctech as well. Making instruments, electrical devices, computer chips, mechanical things, chemicals sewing them a together in a meaningfull yet noncompetitive way for Africa's mothers and daughters to live better lives.

@genzod-i6e

90 percent of those companies are already dead.

@agoodfilter7139

Meanwhile… leaving out South Africa…

@makoriasati4980

It's for the African countries especially Nigeria, Kenya, Cameroon and others to create an enabling environment, well funded and politically not interfered with, for Africa to lead the world in Artificial intelligence (AI)

So far it's the African intellectuals who have played a major role in Morden day technology.

The African intellectual in the diaspora joining with other Intellectuals within Africa will create miracles. Nothing is going to be impossible for Africa.

Africa gave the world civilization from the days of building of the pyramids and the only World library of Knowledge in Alexandria, in those days.

In the Morden Times Africans have contributed heavily to technological development of the world, just to name a few prominent names.

1: Philip Emeagwali, computer scientist from Nigeria.
Created the Connection Machine. The Connection Machine utilizes 65,000 computers linked in parallel to form the fastest computer on Earth. This computer can perform 3.1 billion calculations per second. It enabled inter- individual confidential internet connections in emails and cellphones possible.

2: Henry T. Sampson is an African American inventor, best known for creating the world's very first cell phone. On July 6, 1971, followed by another Black Inventor Who Created the First Digital Cell Phone

3: Jesse Eugene Russell, inventor of the first digital cell phone

Many people attribute the invention of the smartphone to Europeans, but in fact, the first digital cell phone was invented by an African American man named Jesse Eugene Russell.

4: Dr. Gladys West she created the Global Positioning Systems GPS in the 1980s, by developing the technology that contributed to the creation of the Global Positioning System, or GPS, which revolutionized modern society. Her contributions have been hidden for too long.

5: Anyona Nyagaka Ouko invented MPesa, when still a university student in 2007.
The easy to transfer money or shop through the mobile phone, instant telephone money transfer, also known as Mpesa was invented by a Kenyan, This invention started in Kenya and has spread throughout the world.

@Abantsundu

Too much innovation in banks 🎉🎉🎉

@evanskrop2932

Nairobi the Silicon Savannah! I See you my Friend @Lopokoyit

@alinatoichubaeva8877

Great video!

@stevilburgess135

go Africa love from Australia. loved my visit to Kenyan nicest people ever.

@Curious_human_

India has already created ONDC and UPI api which can be used for online delivery market scene and online payment. It can be used by Africa for online ecosystem

@anthonymanderson7671

I'm blessed to be african.

@Sydgekd

Lol. China is over populated now they want to bring their people to Africa and take over. Power is taking never giving africa. Find out how many black people he has a manager, or Ceo or president of his company's that will tell you everything you want to know about him. Again africa should never sell land to foreigner in africa they can lease land for 2 to 4 years at a time. If they brake any laws their lease get cancel and they get kick out africa

@DjmitchG

The new gold rush

@MichaelMichuki

Next time put the names of the speakers, so that people can be abe to contact or reach them – Great video though. As a software engineer with a startup i am looking for ways to develop relationships with people who can help

@MansaKimani

lookout for safiboda startup this year

@maxinthedam

Jessica Colaco is a legend.

@goodshephard6670

Just remember our heavenly father will punish leaders of 🇰🇪 Kenya 🇰🇪 that don't care for its poor people and the poor💕 that🧑🏿‍⚖️🧑🏾‍💼💕💕👉do not care for one🎎 another ok 👌 so the most high 👑📖 all will be punish who ⚰️🔥🔥🔥🪦🪦🪦🇰🇪🇰🇪🇰🇪who do not obey ok 🌧🌪🔥🔥🌪⚡️☄️☄️☀️it is he the world's belong to Aman📖🧑🏾‍💼🧑🏿‍⚖️

@anthonymiclet7648

And this is why we have built daba finance. We want to make it easy for anyone to be able to tap in the most exciting economic region of the world: Africa!

@hitesh11111

M pesa was also in India…by Vodafone

@hitesh11111

Same problem like India…foreign investment but no purchasing power

@adoogie2876

The world has been undermining our knowledge,our power ,our capacities.we rising 💪🏾

@conforzo

The population of the world is diminishing. Europe, America, Asia. Just more and more old people. The only place with lots of young people hungry for bettering their lives is Africa. Rwanda, Nigeria, Kenya etc. These are the future tech-capitals of the world.

@vladimirputinforUSA

AFRICA ISN’T A COUNTRY!!! Every country is different and people still refer to it as a country. In school in ameriKKKa, we were taught that Africa was a bunch of tipis and wild animals running everywhere. In reality there’s cities just as big and beautiful as New York City. What kills the whole continent is the fighting for control of the natural resources and in the end only the whites become rich while the natives suffer

@ranadeep7462
@Mr.Nichan

Darn it. I hoped I'd be unusual and visionary if I invested in African businesses, because it's the one continent where you can be sure the economy will grow greatly. I should have known that experts and professionals think of everything before you do. (FYI. This comment is kind of flippant. For one thing, I'd guess there is still opportunity.)

"From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand." Matthew 4:17.,.

You never see this kind news about African on west tvs

@mqmx2059

ok, western companies taking advantage of African talent…

@TechSiyaad

One area many Africans are lacking is lack of computer labs in schools, I am in Somalia and there is no computers to learn basic IT, coding etc and that makes hard to get talent to build next tech innovations. We hope those big tech companies help schools get basic IT equipment across Africa particularly Somalia.

@Ericolasafrica

❤️