Why investors are piling into African startups

[get these nets]

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Technology
Digital Video
African Tech Sector Is Sprouting Unicorns and Raking in Billions


Startups raised a record $5 billion in 2021 as investors piled in. But all of that money isn’t getting distributed evenly.


African Startups Are Breaking Investment Records

April 7, 2022

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

In this episode of Bloomberg’s Africa+, we explore how the burgeoning fintech scene in Nairobi and elsewhere is sprouting a growing number of unicorns, and what those companies need from governments to keep succeeding

 

[Fiji Water]

Damn.

 

[Amerikan Melanin]

Hmmm

 

[ORDER_66]

The resources right under their feet brehs...

 

[Black Magisterialness]

Didn't even watch it but I could off rip give you two reasons.

1. IMMEDIATE ACCESS TO RAW MATERIALS
2. One of the last, truly, untapped markets left on earth.

 

[Buddy]

I used to watch this series on YouTube. It was dope to see happenings on the continent and abroad but I’m not sure they’re running it anymore.

 

[FaTaL]

interesting

 

[#1 pick]

I need to read into this thread

 

[Lonj]

Africa is the future. It's going to become more apparent as time goes on and the west gets weaker and weaker. Unfortunately I don't know if the Africans themselves are going to be the ones running the show.

 

[get these nets]

Africa is the future. It's going to become more apparent as time goes on and the west gets weaker and weaker. Unfortunately I don't know if the Africans themselves are going to be the ones running the show.

I'm sure that they will. Not the politicians, but the actual people.
New countries go through growing pains, as the US and other former colonies have.
In 2022, up to a full three generations of people in each of those countries have seen the successes and shortcomings of their leaders and business leaders.
Lot of talent, potential, and ocassional genius goes untapped because those at the top have compromised, sold out, and bent over for outside interests and NOT developed their infrastructures.
Despite this, many people from different segments of society have succeeded. They are using their resources to develop those education, social, and business resources for their countrymen. Linking up with their direct diasporans across the globe, likeminded people in their region, and like minded people in the general Black diaspora. Potentially powerful networks.
Euros and Asians waved dollar signs in front of leaders in the past to keep them in line. To ween off of that, have to create & develop your own systems and networks. Use the Euros and Asians as a means to end, a temporary one.