There was considerable debt uptake and regional VC diversification SPECIAL REPORT | BIRD AGENCY | After defying the global funding slowdown of 2022, Venture Capital (VC) investments in African startups dropped considerably in 2023, mirroring the situation in other regions where capital taps were significantly turned off. According to Techcrunch; …
Read More »HEALTH TECH: 9 startups transforming healthcare in Africa
From Ethiopia to South Africa, health tech entrepreneurs are developing solutions to make quality medical care accessible and affordable throughout the continent. Nairobi, Kenya | BIRD AGENCY | While African healthcare technology is still nascent when assessing it against global trends, significant progress has been made in the industry. In …
Read More »‘Startup investment is much more than a transfer of funds’
Kampala, Uganda | THE INDEPENDENT | Investors in early-stage startups should expand their support to science and technology-based businesses beyond funding to incorporating transfers of skills or value addition post-investment. While delivering the keynote address during the Investor Summit of the 2022 National Science Week at the Kololo Ceremonial Grounds, …
Read More »Africa hauls in a record VC investment, despite a global funding squeeze
Africa startups have defied a slump in global venture capital funding, raking in a record US$ 4 billion in the nine months ending September, just US$ 500 million short of surpassing its total 2021 haul SPECIAL FEATURE | BIRD STORY AGENCY | Africa’s VC scene remained resilient in spite of …
Read More »Records broken at 8th Africa Early Stage Investor Summit
Amsterdam, Netherlands | THE INDEPENDENT | Investors at the 8th Africa Early Stage Investor Summit (AESIS ) held November 3-5 celebrated record-breaking deal-making on the continent surpassing $3 billion invested in 2021 into African startups. AESIS 2021 showed that the number of startups securing funding in Africa outpaces funding for …
Read More »Private sector calls for National Startup Policy
Uganda is ranked one of the most entrepreneurial countries in the world, according to the Global Entrepreneurship Monitor Kampala, Uganda | THE INDEPENDENT | Private sector players have asked government to expedite the formulation and implementation of a National Startup Policy in order to address major impediments to the growth of …
Read More »Ugandans win $175,000 in BMCE Bank of Africa Entrepreneurship Awards
Casablanca, Morocco | THE INDEPENDENT | Two Ugandan start-ups Ugabus and Sukuma Dance Fitness will get a $175,000 boost from a $1million prize at the 4th edition of the African Entrepreneurship Award Program. The BMCE Bank of Africa Group announced 13 winners at the awards ceremony held on Monday, December 10, 2018 …
Read More »Paris, the upstart startup capital
Paris, France | AFP | Could Paris, the City of Light, soon become known as the City of Innovation helping propel young entrepreneurs to push technological and business frontiers? While efforts by Paris to lure financial companies from London in the wake of Britain’s vote to leave the European Union …
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