Africa’s off-grid solar sector is electrifying global investors

Africa’s off-grid solar sector is electrifying global investors

By Bonface Orucho, bird story agency Africa’s off-grid solar sector continues to be a magnet for investment, with recent analysis from Africa: the Big Deal emphasizing its growing appeal to investors. Despite a general decline in start-up funding across the continent over the last two years, the industry remains a clear priority for both the social impact and regular investment community. According to Laura Fortes, the senior […]

August 22, 2024 29

Africa

More African founders secure $1M+ Funding in new trend

By Seth Onyango, bird story agency Start-ups in Africa are increasingly hauling in US$1 million or more in funding, even as the investment climate on the continent cools off. Data from Africa: The Big Deal, shows ventures raising over US$1 million thrive due to their bankability, suggesting a selective but keen interest from investors amidst a cautious investment backdrop. "While the amount raised quarterly is […]

April 10, 2024 7

Business / Economics

As equity deals continue to decline and volumes dry up worldwide, African startups are increasingly relying on venture debt to stay afloat.

By Conrad Onyango, bird story agency In 2022, when funding from venture capitalists began to dry up in Africa, Treepz, a shared mobility startup, was faced with a difficult decision... throw in the towel or grow the business without new investors. As part of their decision to keep going, they changed their core business model. “Towards the end of 2022, we knew the funding draught would happen in Africa. We […]

January 24, 2024 4