How can African female entrepreneurs find capital in a world where investors are not looking for them?
African female entrepreneurs are at the forefront of innovation, resilience, and economic transformation across the continent. Yet, despite their immense potential and the vital role they play in job creation and poverty reduction, many face an enormous capital gap. In a world where investors are often not looking for them,
Fintava Pay is banking the unbanked in Northern Nigeria
Between 2020 and 2023, the phrase “banking the unbanked” became a popular tagline for Nigerian fintech startups. Many claimed they would bring financial services to the 28.8 million adults in Nigeria who lacked access. However, most fintechs concentrated their efforts within Lagos, Nigeria’s economic hub, leaving much of the country
4 Key Sectors Driving Entrepreneurship in South Africa This Year
In South Africa, entrepreneurship plays a pivotal role in addressing challenges such as unemployment, economic inequality, and sustainable development. This article delves into the current state of entrepreneurship in South Africa, exploring its significance, key sectors driving entrepreneurial activity, and challenges faced by entrepreneurs. Significance of Entrepreneurship in South Africa
Third-party retailers dominate Starlink sales in Nigeria amid direct sales freeze
Since October 2024, third-party retailers dominate Starlink sales in Nigeria amid direct sales freeze as Nigerian customers seeking to subscribe to Starlink have been unable to purchase kits directly from the internet provider. The halt in direct sales, which Starlink says was due to overcapacity, comes as the company, which
LOTUS Bank partners with Inter Lagos FC
Non-interest commercial bank, LOTUS Bank partners with Inter Lagos FC, a Nigerian National League (NNL) club, to provide critical financial support to strengthen its domestic and international ambitions. The move, its second in three years, highlights a growing trend among banks leveraging sports sponsorships to expand their brand influence and
Silver Box acquires Kenya’s Mobius Motors
Kenya’s Mobius Motors, once hailed as Africa’s answer to homegrown vehicle manufacturing, has found a lifeline. Silver Box, a Middle East-based investment firm, has acquired the struggling automaker, marking a fresh chapter for the brand after years of financial turmoil. Founded in 2009 by British entrepreneur Joel Jackson, Mobius Motors aimed
London-based digital banking giant, Revolut eyes South African market
London-based digital banking giant, Revolut eyes South African market and has applied for a full banking license, according to sources familiar with the matter. This move positions Revolut to compete with local digital banks such as TymeBank, Discovery Bank, and Bank Zero. In a statement to Techpoint Africa, Revolut confirmed its interest in
Touch and Pay fuels 291% growth in prepaid card usage in Nigeria
The fintech company behind Cowry card for Lagos’ train and Bus Rapid Transit (BRT) systems, Touch and Pay fuels 291% growth in prepaid card usage in Nigeria between 2021 and 2024, according to a report by global market research firm Euromonitor International. Closed-loop prepaid cards are preloaded with funds but can
Starlink, now Nigeria’s second largest internet service provider, delays tariff hike
Starlink, now Nigeria’s second largest internet service provider, overtaking FiberOne Broadband Limited in Q4 2024, according to data from the Nigerian Communications Commission (NCC). Despite its premium pricing, Starlink’s user base more than doubled within a year, surging from 23,897 subscribers in 2023 to 65,564 by the end of 2024. This rapid
Entrepreneurship in Africa: Opportunities and Challenges
Entrepreneurship in Africa is not just about business—it’s a movement. And according to various studies, Africa has some of the highest rates of entrepreneurial activity globally. With more than 70% of sub-Saharan Africa’s population under the age of 30 and increasing smartphone penetration, the region is poised for explosive growth.
