Africa

Investing in Grit and Perseverance: John Viannie Wasswa and the Cyanase Startup Story. 

by Jonathan N. LubwamaFintechsICTProfilesStartupsThe Big StorySeptember 29, 2023September 29, 2023

I have always wondered how founders, who start out while at university build startups from scratch. At that stage, the majority of founders have neither the experience nor the resources…

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BNPL Startup, Lipa Later Raises USD 5m, Targets a Further USD 20m.

by Jonathan N. LubwamaEast AfricaFinanceFintechsICTStartupsThe Big StorySeptember 13, 2023September 13, 2023

Kenyan fintech powerhouse, Lipa Later Group, has successfully raised $5 million in a private debt issuance, marking a significant milestone in its financial journey. However, the company’s ambitious expansion plans…

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Standard Bank’s Sola Adegbesan⏤ Why Africa needs homegrown financing solutions to its local challenges

by Sola AdegbesanCompany NewsThought LeadershipSeptember 6, 2023September 6, 2023

Africa, the second-largest continent and home to 1 billion people has long captured the imagination of the world. Today, different thinkers, and political and business leaders are preoccupied with a…

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US Financial Services Giant, Mastercard Acquires Minority Stake in MTN’s Fintech Division.

by Jonathan N. LubwamaNews & AnalysisThe Big StoryAugust 14, 2023August 14, 2023

Mastercard Inc., a leading global payments and technology company, has recently announced its decision to acquire a minority stake in the fintech division of MTN Group Ltd., This strategic move…

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Inside Hindsight Ventures’ Big Plans for Uganda and Africa.

by Jonathan N. LubwamaIndustry & AnalysisNews & AnalysisStartupsJuly 17, 2023July 17, 2023

India is arguably the world’s third biggest startup ecosystem behind the USA and China. But much of India’s boom has happened within the last two decades. Between 2013-2020 Jagruti Bista…

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African Startup Funding Declines by 70% in June 2023.

by Jonathan N. LubwamaICTNews & AnalysisStartupsThe Big StoryJuly 3, 2023July 3, 2023

Startups raise funding for various reasons that are essential for their growth and success. Firstly, funding provides the necessary capital to support and accelerate the growth of startups. It enables…

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Ugandan Startups Should Avoid the Growth by All-Means Mindset. 

by Jonathan N. LubwamaICTIndustry & AnalysisStartupsThe Big StoryJune 12, 2023June 12, 2023

In startups, the “growth at all costs” mindset refers to a strategy where startups prioritize rapid growth and market domination above all else, often disregarding profitability, long-term sustainability, or ethical…

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East African Startups Raised the Most Funding in May 2023.

by Jonathan N. LubwamaICTStartupsThe Big StoryJune 6, 2023June 6, 2023

As per Africa: The Big Deal, African startups raised $621.8 million from just 34 deals which makes it an average of $18.3 million per deal in May 2023. This is…

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How Future Africa’s Olga Kiconco is Charting Her Own Path in Venture Capital.

by Jonathan N. LubwamaICTProfilesStartupsMay 22, 2023June 6, 2023

When Olga Kiconco finished her Bachelor’s Degree in Telecom Engineering at a university in Malaysia in 2013, she knew it was time to look for jobs. But when she came…

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Asset Financing Startup M-Kopa Raises Over $250m Debt and Equity

by Jonathan N. LubwamaCompany NewsEast AfricaFinanceFintechsICTIndustry & AnalysisStartupsThe Big StoryMay 16, 2023May 16, 2023

African asset financing startup, M-Kopa has raised a combined equity and debt round of at least $250m, the company announced on Monday. This is one of the biggest single funding…

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