Start-up closures and scalebacks leave trail of job losses in Africa
Last year, the amount of funding firms raised on the continent declined by 31 percent to about $4.5 billion from the $6.5 billion raised in 2022.
Source: theeastafrican.co.ke
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10 African entrepreneurs join global Endeavor network
Ten African entrepreneurs from five startups on the continent have been accepted into the global Endeavor network in the last 12 months, gaining access to various support services to help their companies scale.
Source: disrupt-africa.com
Investors steer clear of African startups with only local faces
Although funded startups in Africa grow six times faster than elsewhere in the world, raising seed capital remains the biggest challenge to entrepreneurs.
Source: theeastafrican.co.ke
Flocash and Visa partners to promote Digital Capabilities for African SMEs
Visa, a world leader in digital payments, announced that it is partnering with Flocash (www.Flocash.com), FT Africa’s fastest growing fintech 2022, to promote digital capabilities for African SMEs through digital payments, supplier solutions and access
Source: maurice-info.mu
Flocash and Visa Partner to Promote Digital Capabilities for African SMEs
Visa, a world leader in digital payments, announced today that it is partnering with Flocash (www.Flocash.com), FT Africa’s fastest growing fintech 2022,
Source: african.business