Pearl Ngugi’s Post

In 2023, we connected a few global companies looking to set up in Kenya to professional firms. Based on the frequently asked questions we get, we put together a guide to assist SMEs and startups registering their business in Kenya. #InvestInKenya https://t.co/uVdj3JeFHB

Evaluating ones work on a regular basis is important. It allows us to see what has gone well and what part of our program needs changes. My Partner Muthoni Richards MSc CIPM CIPP/E and I did just that post our 2023 #Kenya Mission and we realized that we had spread ourselves too thin to make the right impact. While we did have successes through the years, last year clearly showed us that unless we went back to the drawing board, our failures would hinder us in 2024. So we decided that for 2024 and the foreseeable future we would suspend all our activities in #Marsabit and focus primarily on Coastal Kenya and really work hard to make our programs better and #sustainable for the #LastMileCommunities there. We would also take the opportunity to introduce any new program(s) that would serve the community better. And on that note we are going to inaugurate a brand new program next week which will be very exciting. This approach is not unlike any early startup that has to rethink its strategy and make adjustments and we additionally needed to behave like entrepreneurs in many ways. But the start of any new journey of ours is not complete unless one reminisces about the past and in this case our 2023 #KenyaMission. I'm sharing a short vlog I put together that summarizes our 2023 mission through the lens of my team's and my camera. The vocals and music are from our very own Director Pslamist Chanzera David, who lives in #Kakoneni #CoastalKenya and is our anchor in that region where he brings our vision and goals to reality. To me, this vlog reinvigorates me for the #2024KenyaMission and strengthens my love for #MyKenya. My team and I are ready to make an impact, celebrate our successes and learn from our failures. “Do not judge me by my successes, judge me by how many times I fell down and got back up again.” - #NelsonMandela. #SundaySermon #Africa #TheBrightContinent #PendaAfrica #Madiba #HakunaMatata

 #KenyaLeads: African Startup Funding in 2023 Witnesses 'Big Four' Dominance and Diverse Growth In 2023, the '#BigFour' African markets (Kenya, Egypt, South Africa, and Nigeria) collectively secured a significant 87% of #startupfunding, reaching their highest share since 2019. Among the 500 startups raising $100k or more, these countries hosted 71%.  #Kenya Resilience: Kenya leads the pack by attracting nearly $800 million, making up 28% of the continent's total funding. Despite a 25% year-on-year decline, Kenya showed resilience, expanding its #EasternAfrica funding share from 86% (2022) to 91% (2023).  #Egypt's Impact: Egypt claimed the second spot with 48 #startups, experiencing a moderate 20% YoY decline. Impressively, Egypt's share of North African #fundingsurged from 72% (2022) to 95% (2023), driven by significant #fundraising and regional challenges.  South Africa's Dominance: #SouthAfrica, the sole 'Big Four' country with an 8% YoY funding increase, maintained dominance with a 97% share of regional funding. Its 70 startups raising $100k+ contributed 21% to the continent's total funding.  Nigeria's Shifting Landscape: Despite leading in the number of startups (146), #Nigeria faced a dramatic shift. Experiencing a two-thirds YoY funding decline to $410 million, it marked the lowest regional share among the 'Big Four' since 2019. While the 'Big Four' claimed 87% of funding, a promising 13% emerged from ~markets beyond, with 29% of startups raising $100k+ located outside, highlighting a #diverse and thriving African startup landscape. To read more click:  https://lnkd.in/dbvzeRxa #AfricanStartups #BigFourDominance #StartupFunding #Kenya #EastAfrica #Egypt #StartUps #FundingSurge #SouthAfrica #Nigeria #DiverseMarket #EmmergingMarkets #AfricanstartupLandscape Talks about #tourism #emobility #electrifyingafrica #electricvehicles #corporategovernance #internationalbusinessdevelopment #motorsports #formulae #xtremee #ecommerce

Sawari Ventures TO PROMOTE EGYPTIAN COMPANIES Read: https://lnkd.in/dYFnx4Qk Follow Business World Africa for exciting news updates in the African business space #business #africa #egypt #capital #news

South Africa

I’m itching to return to East Africa. I have a few spaces left (max 8 people) for my Venture Rwanda September 24-30, 2024. This is a Venture which will never be repeated. Here are 3 reasons why. Join us! Learn more and register: https://lnkd.in/gyyVHdDV #LetsVenture #VentureTravel #TravelDifferently #ThinkDifferently —— I guide people in ventures to redefine their success & impact. Follow & Connect with me. JodiMorris(dot)co Let’s Venture by Jodi Morris

Have you ever wondered why there is so much buzz around #Africa's Big 4 for startups: Nigeria, Egypt, Kenya and South Africa 🇳🇬 🇪🇬 🇰🇪 🇿🇦 ? They are leading the way, receiving 92% of Africa's #investments, especially those related to technology. But there is more to it than that if we want to better understand the #entrepreneurial landscape in Africa. Take a look at the full article and let me know what you think. 👇 https://lnkd.in/grjv7BJc #impact #africa #entrepreneurship #founders #femalefounders #africanstartups

🌍 There’s no denying that the entrepreneurship opportunity is rapidly growing across Africa. In the last couple of years we have seen: → Despite startups around the globe recording a significant decline in funding , Africa continued its upward trend with $4.8bn raised in 2022. → Africa has at least 250 VC firms investing in ventures. → Out of its 54 states, Africa hosts 7 of the world’s fastest-growing countries. We know that there’s still much more to be done to secure a future where entrepreneurship drives generational progress and prosperity in Africa. 😉 So, we’re rolling up our sleeves and getting to work. We’re doing something worth the wait behind the scenes! #Comingsoon

Not just proud, Africa proud! 👏🌍 Yesterday Partech released its “2023 Africa Tech VC” report. The overall message is that the potential of Africa is undeniable, but 2023 was a tough year when it came to capital raising and international money flows into the continent. But even in a tough year, hidden in page 41, is a list of the most active investors by stage, and we couldn’t be prouder to see Endeavor Catalyst included as one of the key investors under the “Venture Stage” category, which includes Series A and Series B funding rounds. We are there along with IFC - International Finance Corporation; Launch Africa Ventures; Partech; Proparco, and Ventures Platform Fund. I know I’m going to sound like a broken record, but based on Endeavor’s activity in Africa the last 20 years and the quality of the entrepreneurial ventures and its entrepreneurs, I’ll end by stating: one can’t afford to miss out on Africa. Alison Collier, Michele Wanjiku Wainaina, Amr El Abd, Ireayomide O, Maryanne Ochola

We believe in the future of Africa. At the Endeavor Catalyst Investor Breakfast in Nairobi, Kenya, we shared our vision: just like Latin America's growth over the past 25 years, Africa's entrepreneurial ecosystem holds incredible potential. Michele Wanjiku, Head of Endeavor Catalyst Africa, Maryanne Ochola, Managing Director at Endeavor Kenya, Melvyn Lubega, co-founder of Go1, Peter Njonjo, founder of Twiga, Ayman Essawy, co-founder of Connect Money, and João Del Valle, co-founder of EBANX, spoke about the excitement surrounding Africa’s tech scene. We support over 2,500 entrepreneurs in 40+ countries, including Nigeria, Kenya, Tunisia, Egypt, and South Africa. With Endeavor Catalyst already investing in 26 companies in Africa, the momentum is undeniable. As Melvyn says: “There's never been a more exciting time to be in the tech scene in Africa.” #entrepreneurship #highimpact #africa #tech Endeavor Kenya