In the first few years after independence in many African countries bright students in the country’s rural areas would call for a fundraiser to help them move to the next level of education. People around the village would then give both monetary and non-monetary items that could be sold later and add to the sums raised to educate the village elites.
This culture was also used to help the sick in the community and assist in many other social aid situations. But over the years and with a lot of misuse and unscrupulous persons taking advantage of community’s benevolence, the fundraising culture fizzled out.
With the advent of technology crowdfunding, which utilizes the same concept of collecting money from several small sources to finance a project or business, has taken root once again on the continent. Several crowdfunding sites have come up to assist African startups raise funds to jump starting their businesses to the next level.
In this article we highlight the top 12 crowdfunding websites helping African startups and entrepreneurs raise much needed funding for their ventures.
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