African central banks are toughening up on Flutterwave signaling what other startups should expect
Local funding for early-stage startups is taking off in Africa This past week, Ingressive Capital, a $10 million venture capital fund started by Maya Horgan Famodu with its headquarters in Nigeria, celebrated five years since it was started. Horgan Famodu launched Ingressive at age 25; today, the fund is focused on leveling the playing field […]
This €110 million VC fund for Africa is now prioritizing startups that can break even quickly
In 2019, two private equity firms came together to form a venture capital fund to invest in African startups. That had been a record-breaking year for VC funding in Africa with $1.3 billion invested in startups, and so it made sense that new funds would emerge to ride the wave.
Overview of the Ghanaian economy
The economy of Ghana achieved consistent and strong growth in the years leading up to the pandemic, resulting in improved business competitiveness and poverty reduction. From 2017 to 2019, the country’s gross domestic product (GDP) grew strongly (2017: 8.1%; 2018: 6.2%; 2019: 6.5%)
A brief snapshot of entrepreneurship in Ghana
Ghana demonstrates a high level of entrepreneurial activity. Almost half (49.2%) of all people employed in Ghana (15 years and above) own their own businesses. MSMEs dominate the entrepreneurial space and play an important role in the country’s economic development.
Sector Growth with Highest Expected Growth in Terms of GDP Value Added
In Ghana, the two sectors with the highest expected growth in terms of GDP value added are the services sector and the agriculture sector.
African VC is still a “man’s world”, but it suffers for it
The African venture capital sector is still very much a “man’s world”, but the quality of its investments and ability to make a greater impact suffer as a result.
A Spotlight on Ghanaian entrepreneurs hitting the mark
The AFDB profiles two successful entrepreneurs based on their age, gender, the sectors they work in, and the target group they serve. One entrepreneur uses digital technologies as a core feature of his business, and the other focuses on technology to conserve the environment.
How Ghana’s eCampus puts the classroom in the palm of your hand
Ghanaian startup eCampus claims to “puts the classroom in your palm”, providing a mobile and web application that gives learners 24/7 access to teaching notes, podcasts, video lessons, audiobooks, tests and a topic-based discussion forum.
