Launch Base Africa

Yet, the story isn’t without its silver linings. https://lnkd.in/dcQtszeH

Kenya’s announcement of a Digital Nomad Work Permit in October 2024 garnered widespread attention as the country sought to establish itself as a premier... https://lnkd.in/d2MBREYM

Orange Egypt’s new initiative builds on the foundations of Orange Ventures, the €350 million corporate venture fund launched in 2021. https://lnkd.in/d4XqtgEj

Nigeria, hitherto Africa’s largest economy, painted a grim picture for dLocal. Revenues fell to $2.1 million in Q3 2024, a mere 1% of total company revenues, down from $55 million during the first nine months of 2023. #FintechNigeria https://lnkd.in/dbfwnzsc

develoPPP Ventures, which has already seen success in other major African markets — including Ghana, Nigeria, Kenya, Tanzania, Rwanda, and South Africa. https://lnkd.in/drzQNBeZ

Although YoLa Fresh is registered as a U.S.-based entity, its operations and market are primarily localized in Morocco, granting the Moroccan Competition Council oversight in assessing its market impact. https://lnkd.in/dk5xFKj7

“We’re seeing more founders not only building for East Africa but with ambitions for global expansion.” #Latitude59 #StartupsAfrica https://lnkd.in/d5MBW46J

Google states that past beneficiaries from the Black Founders Accelerator and Black Founders Fund, spanning Africa, Europe, Brazil, and the United States, have collectively received over $30 million in funding to expand their businesses. https://lnkd.in/dfDFZUQg

As pressures mount in Africa's nascent startup scene, more founders turn to familiar sources for support - and it's rarely their investors or even their colleagues https://lnkd.in/d9HtaTwj

In 2023, Ghana received US\$2.4 billion in personal remittances, which is estimated to account for about 6% of the country’s GDP. This makes Ghana the second largest recipient of remittances in sub-Saharan Africa, after Nigeria. https://lnkd.in/dGHjP-t9