Ghana: Latest News
Kurt Davis Jr., 3:43 am AFKI Original
The talk of distressed asset investing in Africa is growing. A total of $6.5 billion has been raised for African private equity from 2011 to 2016, according to the African Private Equity and Venture Capital Association (AVCA), with a total reported deal value over the same period of $22.7 billion for 900+ deals. In 2016 alone, 145 deals were reported totalling $3.8 billion. We explore the sectors offering the best opportunities for distressed asset investors.
Peter Pedroncelli, 3:35 am
The Meltwater Entrepreneurial School of Technology (MEST), a training program, seed fund and Africa’s largest tech incubator based in Ghana, has launched two new incubator spaces in Nigeria and South Africa. In addition to the flagship incubator in Accra, MEST has launched two new spaces in Lagos, Nigeria and Cape Town, South Africa, expanding its reach and presence in Africa. Since launching in 2008 it has already invested over $20 million in African startups.
Tom Jackson, 5:48 pm AFKI Original
Last week, for the fourth year in a row, the investment community of Africa came together in Cape Town to discuss trends, opportunities and pitfalls with regards to backing African startups. It might not seem that big of a deal, but in the embryonic days of African angel and venture capital, where the vast majority of startups lack access to funding, the signs that a dedicated community of investors is being built are positive.
Peter Pedroncelli, 7:43 am AFKI Original
For many global tech companies, investing in Africa is a strategy for growth that is allowing them to tap into a growing market that is full of great potential. Tech companies from across various sectors are looking to Africa for growth, with the likes of Facebook, Google and Microsoft all putting their money into the continent. Whether they are investing in infrastructure, skills or the startup ecosystem, these tech companies are boosting economies and creating jobs.
Peter Pedroncelli, 4:30 am
The Seedstars Africa Summit will be bringing together the best tech startup talent from around the African continent in December. The third annual Seedstars Africa Summit will take place on Dec. 14 in Mozambique, with all of the winners of the various Seedstars World competitions throughout Africa attending the event. Seedstars World holds these events in around 70 countries before winners are selected to take part in a grand final.
Kurt Davis Jr., 5:19 am AFKI Original
The news last month from the International Monetary Fund (IMF) regarding sub-Saharan African growth has investors breathing a sigh of relief. The IMF expects sub-Saharan Africa to grow by 3.4 percent in 2018, up from the 2.6 percent in 2017. Some countries in particular are forecast to enjoy incredible growth in the region of 8 percent, with West and East Africa in particular looking attractive for investors.
Kurt Davis Jr., 3:07 am AFKI Original
Sub-Saharan Africa is home to the youngest population in the world, and educating these young people is a priority across the continent. By 2022, approximately one in four children may be enrolled in private schooling, suggesting that the time for investing in the sector is today. All that said, private investment in schools is still limited by capital and operational engagement from investors, but this is set to change.
Tom Jackson, 12:16 pm AFKI Original
Every year, the great and the good of African tech converge on Cape Town to network and discuss the key trends within the sector. Until 2014, startups were barely featured at AfricaCom, but that all changed with the launch of the AHUB that year. This year’s event saw pitches from the 20 startups taking part in the World Bank’s XL Africa accelerator programme, and the chance to experience companies of such quality was refreshing.
Staff, 10:15 am
The youth in sub-Saharan Africa encounter more digital advertisements on a daily basis than any other form of advertisement. The number of Internet users and their daily usage continues to surge as audiences shift away from TV, radio and print media, a recent GeoPoll Straw Poll found.
Peter Pedroncelli, 6:37 am AFKI Original
African fintech startups have yet another opportunity to strive towards sustainability with the launch of the Village Capital Fintech Africa 2018 program, in collaboration with PayPal. The U.S.-based venture capital fund’s annual investment-readiness program, which is geared towards supporting African startups focused on financial health, is looking to fill a cohort of 10-12 companies from Ghana, Kenya, Nigeria, Rwanda, South Africa, Tanzania, and Uganda.
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