Taxonomy

Africa

[TechCabal] Flourish Ventures wants to create systemic change and build fair financial systems in Africa

Efayomi Carr, principal at Flourish Ventures, talks to TechCabal about what he has learned from investing in Africa, how Flourish Ventures invests, and his view on the current state of the African funding landscape. By Muktar Oladunmade Interview originally posted on TechCabal Although he’s Sierra Leonean and was mostly raised in...

[WeeTracker.com] Africa’s Tech Startup Scene Contends With Lingering Gender Gaps

The lack of gender diversity both within startup teams and funding rounds in Africa’s startup ecosystem remains an issue that doesn’t seem to be going away, a new report suggests, highlighting the continued struggles of women-led businesses in finding their feet in the face of gender bias. Originally posted on...

[Disrupt Africa] New report lays bare lack of gender diversity in African tech startup ecosystem

Disrupt Africa has released the first ever publication focused on gender equality in the African tech startup landscape, in partnership with Africa-focused pre-seed investment programmes Madica, with the results demonstrating the lack of gender diversity both within startup teams and funding rounds on the continent. By Tom Jackson Originally posted...

[Inc. Magazine] Founders Must Prioritise Mental Health

Why well-being should matter to investors who want to nurture businesses in Africa. By Charissa Cassels, Journalist at Inc.Africa Interview originally posted on Inc.Africa 72% of founders experience adverse effects on their mental health during the entrepreneurial journey. The April 2023 report from Startup Snapshot entitled “The Untold Toll: The Impact of...

[Whitehouse.gov] Vice President Harris Announces Over $7 Billion in Private Sector and U.S. Government Commitments to Promote Climate Resilience, Adaptation, and Mitigation across Africa

In Lusaka, Zambia, in response to Vice President Kamala Harris’s call for the private sector to promote and enhance climate resilience, adaptation and mitigation across Africa, the private sector made over $7 billion in new commitments. Additionally, the U.S. Government is announcing new federal funding and initiatives to expand access to...

Jana Ahmed Aboughaly

With an early background in venture investing and as an entrepreneur herself, Jana brings a breadth of knowledge in growing businesses to Flourish, as well as deep geographic expertise to the Africa team as an investment analyst. Prior to joining Flourish, Jana was an investment associate at Flat6Labs, the Middle...

Portfolio

Frontier

[Unlocking Africa] From Idea to Impact

Investing in Africa's Most Promising Mission-Driven Startups with Emmanuel Adegboye Episode #58 with Emmanuel Adegboye, who is the Head of Madica, which is an Africa-focused pre-seed investment program empowering underrepresented and underfunded mission-driven founders on the continent. The sector-agnostic platform, affiliated with Flourish Ventures, aims to empower entrepreneurs with the...

[Technext] 5 African startup founders to watch out for in 2023

This article makes a solid guess based on what occurred last year, which includes their raises, expansion drive, and lastly the product offering. Alas, 2023 has begun, and startup founders are picking up where they left off in 2022. For some of these founders, the next step is to secure...

[Techbuild.africa] Corner Stores – An Essential Sales Channel Across – Are Evolving With Digital Tools

Originally posted on Techbuild.africa In many African countries, corner shops are woven into the fabric of local communities. Their role in the economy is often underestimated. Globally, small and informal retailers make up a $900 billion industry. They are even more indispensable in Africa, representing 70% of all grocery sales...

Madica Ventures wants to bridge the financial gap in Africa’s technology ecosystem

As reported by Muktar Oladunmade, TechCabal: "Funding in Africa’s tech industry has its favourite destinations. The Big 4—Nigeria, South Africa, Egypt, and Kenya—accounted for more than 70% of the $5.2 billion raised by startups in Africa last year, according to Partech’s 2021 report. The remaining 50 countries on the continent...

[Chipper] Chipper announces intended acquisition to strengthen payment solutions in Africa

Chipper announces intended acquisition to strengthen payment solutions in Africa Today we are excited to announce our intended acquisition of the Zoona group, which includes the Tilt brand. The proposed acquisition will accelerate Chipper’s expansion across Africa. We also believe bringing Chipper Cash and Zoona teams together will foster innovation...