Tech in Africa

💡 Moniepoint’s New Innovation to Transform Inventory Management for African Businesses 💡 Moniepoint is testing new PoS system that combines payment processing with inventory management. This is a much-needed step forward in solving the ongoing challenges businesses face in Africa, such as poor record-keeping, theft, and inefficient financial management. For many small and medium-sized businesses in Africa, managing both sales and inventory with outdated methods has led to revenue leakages and missed opportunities for growth. Moniepoint’s new PoS system aims to: ✅ Track stock levels in real-time ✅ Automatically record every sale ✅ Simplify business finances ✅ Make it easier for businesses to access loans by providing clear financial records By acquiring Grocel, a company specializing in inventory management solutions, Moniepoint is bringing together payment processing and business management in one easy-to-use, affordable platform. With over 800,000 PoS terminals already in circulation and 2 million businesses on the platform, Moniepoint is in a strong position to drive this innovation forward and help businesses across Africa. Could this system make life easier for business owners? It certainly has the potential to reduce inefficiencies and boost growth. Lern more(https://lnkd.in/daznApV5) #Moniepoint #Fintech #AfricanBusiness #SMEs #DigitalTransformation #Innovation #InventoryManagement #BusinessGrowth

I ask again Would you trade your classic SUV for an amphibious car at AUTO24.africa?

I’m creating an African Diaspora Startup Map: a map of all the companies building for Africa’s diaspora 🌍 Tech Safari has an audience of 22,000 readers - and ~30% are African diaspora living in North America, Europe or Australia. I’m keen to map all the services, companies and products for Africa’s diaspora. Categories I usually see are migration, fintech, remittance, care and entertainment. But I want to see new ones too! If you’re a company like this and want to be included, tag your company below 👇🏾 And if you know any companies that should be on the map, tag them 🙂 Update ‼️ Getting great new companies here! If you're building for the African Diaspora drop yours below and include a line on what you do

🌍 𝗔𝗙𝗥𝗜𝗖𝗔'𝗦 𝗣𝗢𝗣𝗨𝗟𝗔𝗧𝗜𝗢𝗡 𝗘𝗫𝗣𝗟𝗢𝗦𝗜𝗢𝗡: 𝗧𝗵𝗲 𝗡𝗲𝘅𝘁 𝗚𝗹𝗼𝗯𝗮𝗹 𝗣𝗼𝘄𝗲𝗿𝗵𝗼𝘂𝘀𝗲! 🚀 Check out this eye-opening visualization showing Africa's unprecedented growth trajectory! 📊 𝗞𝗲𝘆 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: Africa's population will TRIPLE from 1.3B today to 4.3B by 2100 𝗧𝗼𝗽 𝗽𝗼𝗽𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗴𝗮𝗶𝗻𝗲𝗿𝘀 𝗯𝘆 𝟮𝟭𝟬𝟬: 🇳🇬 #Nigeria: +527M (becoming world's 2nd most populous country) 🇨🇩 #DRCongo: +304% 🇹🇿 #Tanzania: +378% 🇪🇹 #Ethiopia: +156% 🇪🇬 #Egypt: +120% 𝗠𝗼𝘀𝘁 𝗲𝘅𝗽𝗹𝗼𝘀𝗶𝘃𝗲 𝗴𝗿𝗼𝘄𝘁𝗵 𝗿𝗮𝘁𝗲𝘀: 🇳🇪 #Niger: +581% 🇦🇴 #Angola: +473% 🇹🇿 #Tanzania: +378% 𝗚𝗮𝗺𝗲-𝗰𝗵𝗮𝗻𝗴𝗶𝗻𝗴 𝗳𝗮𝗰𝘁𝘀: • 8 of 10 fastest-growing countries will be African • Half of all global births will happen in Africa by 2100 • Sub-Saharan Africa's population will reach 3.3B by century's end #Africa #Demographics #GlobalTrends #FutureOfBusiness #EmergingMarkets #Innovation #Leadership 💭 What opportunities do you see in Africa's demographic transformation? Share your thoughts below! 👇

Valuable lessons from a seasoned founder: Focus on customer needs, save up before launching, and leverage AI to reduce cost

🎉 𝗔𝗳𝗿𝗶𝗰𝗮𝗻 𝗦𝘁𝗮𝗿𝘁𝘂𝗽𝘀 𝗙𝘂𝗻𝗱𝗿𝗮𝗶𝘀𝗶𝗻𝗴 𝗳𝗼𝗿 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟱 𝗿𝗲𝘀𝘂𝗹𝘁𝘀 𝗮𝗿𝗲 𝗶𝗻! 🤗  📈 $289M raised in January, including $10M debt! 🚀 2025, let's go! 💰 𝗔𝗳𝗿𝗶𝗰𝗮𝗻 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀 𝗿𝗮𝗶𝘀𝗲𝗱 $𝟮𝟴𝟵𝗺 𝗶𝗻 𝗝𝗮𝗻𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟱 📈 +242% compared to January 2024! ($85m) 📉 43 deals (above $100K), 47 in January 2024 🤑 $7.4m average round, $2m median round 🥇 Powergen 🇰🇪 $55m Venture Round (EDFI ElectriFI - The Electrification Financing Initiative) 🥈 LemFi 🇳🇬 $53m Series B (Highland Europe, Left Lane Capital, Palm Drive Capital, Y Combinator) 🥉 Naked 🇿🇦 $38m Series B2 (Blue Orchard Finance, DEG) 💰 Congrats to Lapaire 🇨🇮 for their exit to CREADEV - Creating for People 👏 🎖️ 𝗢𝘁𝗵𝗲𝗿 𝘀𝘁𝗮𝗿𝘁𝘂𝗽𝘀 𝘁𝗵𝗮𝘁 𝗿𝗮𝗶𝘀𝗲𝗱: Enko Education 🇿🇦, Simplex CNC 🇪🇬, PULA 🇰🇪, Moniepoint Group 🇳🇬, Furaha Financial 🇺🇬, SeamlessHR 🇳🇬, MoneyHash 🇪🇬, Kapu 🇰🇪, Ilara Health 🇰🇪, Conservio 🇿🇦, Fincart 🇪🇬 and more... 🤯 TOP3 deals represents 51% of total amount raised! 🙏 Thanks again Africa: The Big Deal for the data! #AfricanStartups #Africa #VentureCapital #Startups #Funding #Investors #Nigeria #Egypt #SouthAfrica Tech in Africa

🌍 Why Africa Is the Next Big Startup Hub Africa is a land of untapped potential and vibrant innovation. Are you ready to dive into its entrepreneurial wave? As an optimistic venture builder, I've witnessed firsthand how African startups are not just solving local issues but are setting benchmarks for global innovation. From fintech solutions transforming financial inclusivity to agri-tech innovations boosting food security, the continent's startup scene is bursting with groundbreaking ideas. But every revolutionary journey begins with understanding the landscape—know your market, identify the gaps, and innovate fearlessly. Let's champion these game-changers together! What do you see as Africa's most promising sectors for startups? I’d love to hear your thoughts and continue this exciting conversation about Africa’s bright future in the comments below. 🚀

🌍 Why Localization is the Key to Succeeding in Africa’s Markets 🚀 Africa is one of the most dynamic and diverse markets in the world, with over 2,000 languages, unique payment systems, and complex regulations. Startups that adapt to these local realities don’t just survive—they thrive! 🔹 Language & Culture: People connect with what they understand. Tailoring content to local languages and cultural values increases trust and engagement. 📌 Example: M-KOPA’s multilingual interface helped drive adoption in South Africa. 🔹 Payment Systems Matter: Africa is a mobile-first economy. Adapting to fintech solutions like M-Pesa makes transactions seamless. 📌 Example: Jumia introduced cash-on-delivery and mobile money, boosting customer confidence. 🔹 Regulatory Compliance: Navigating local laws minimizes risks and enables smoother operations. 📌 Example: Flutterwave partnered with local banks to comply with financial regulations and expand securely. ✅ Key Market Insights: 🇳🇬 Nigeria → Diverse population → Address language & cultural diversity. 🇰🇪 Kenya → Mobile-first economy → Integrate M-Pesa & mobile payments. 🇪🇬 Egypt → Arabic-speaking → Localized content & cultural alignment. 🇿🇦 South Africa → Multi-tier economy → Offer solutions for varied income levels. 📊 Measuring Localization Success: • User Engagement: Bounce rates, session length. • Market Performance: Revenue growth, market share. • Customer Experience: CSAT scores, support tickets. • Digital Presence: SEO, social engagement. 🚀 Future of Localization in Africa With 46% annual startup funding growth, localization isn’t just a strategy—it’s a necessity. Companies that invest in language adaptation, fintech integrations, and compliance will drive the next wave of innovation. What are the biggest localization challenges you’ve faced in African markets? Let’s discuss! 👇 #AfricaTech #Localization #Startups

🌍🚀 𝗔 𝗛𝗲𝗮𝗿𝘁𝗳𝗲𝗹𝘁 𝗧𝗵𝗮𝗻𝗸 𝗬𝗼𝘂 𝘁𝗼 𝟭𝟬,𝟬𝟬𝟬+ 𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲𝗿𝘀! 🚀🌍 I'm thrilled to announce that in just 10 days, over 10,000 of you have joined the African Tech Weekly Digest newsletter! Your enthusiasm and support are truly inspiring. 🙏 𝗧𝗵𝗮𝗻𝗸 𝘆𝗼𝘂! 😊 In my third edition, we're spotlighting some groundbreaking developments: 1️⃣ 𝗘𝗨'𝘀 €𝟭𝟬𝟬𝗠 𝗔𝗳𝗿𝗶𝗰𝗮-𝗘𝗨 𝗦𝗽𝗮𝗰𝗲 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 🌍🚀 A significant boost for climate resilience and innovation across Africa. 2️⃣ 𝗦𝘄𝗲𝗱𝗳𝘂𝗻𝗱 𝗜𝗻𝘃𝗲𝘀𝘁𝘀 $𝟰𝟭 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 💸🇸🇪  Aiming to address infrastructure challenges and promote sustainable development 3️⃣ 𝗠𝗼𝗼𝘃𝗲'𝘀 𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗞𝗼𝘃𝗶 🌎🤝 Expanding mobility solutions into Latin America. 4️⃣ 𝗔𝗶𝗿𝘁𝗲𝗹 𝗔𝗳𝗿𝗶𝗰𝗮'𝘀 𝗜𝗺𝗽𝗿𝗲𝘀𝘀𝗶𝘃𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 📈💼 Achieving a 7.9% customer increase and $3.6B in revenue. 𝘚𝘵𝘢𝘺 𝘢𝘩𝘦𝘢𝘥 𝘰𝘧 𝘈𝘧𝘳𝘪𝘤𝘢'𝘴 𝘥𝘺𝘯𝘢𝘮𝘪𝘤 𝘵𝘦𝘤𝘩 𝘴𝘤𝘦𝘯𝘦 𝘣𝘺 𝘴𝘶𝘣𝘴𝘤𝘳𝘪𝘣𝘪𝘯𝘨 𝘵𝘰 𝘳𝘦𝘤𝘦𝘪𝘷𝘦 𝘵𝘩𝘦𝘴𝘦 𝘶𝘱𝘥𝘢𝘵𝘦𝘴 𝘦𝘷𝘦𝘳𝘺 𝘸𝘦𝘦𝘬! Let's continue to celebrate and support the incredible talent and innovation driving Africa forward! 🌟 #AfricanTech #Innovation #WeeklyDigest #TechInAfrica #Startups #Africa