Microsoft to Host African Startups AI Fest, the Largest Virtual Event on the Continent
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The Google for Startups Growth Academy: AI for Health has unveiled its 2023 cohort, spotlighting 30 startups
Valued at $2.2 billion in 2021, African money-transfer startup Chipper Cash was slow to adapt to the funding collapse of 2022. Now, after layoffs and a deep valuation cut, it’s focusing on the basics–and profitability.
Startups in Africa face myriad hurdles, from laws and regulations and lack of infrastructure to a fragmented continental market. But funding, in a continent that lacks intrepid individual investors to provide support, is a persistent and major headache.
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