In the last few decades, business activities around the globe have become increasingly mobile, and thankfully, Africa isn’t left out. The continent has become an eager adopter and innovator in virtually all things digital and mobile. The more than 122 million active users of mobile financial services across Africa lends credence to this claim. However, when choosing locations, innovators have to be deliberate as they need to consider who will use their products. Expert opinion has it that being intentional about where to locate a business strongly impacts growth prospects and profitability.
Latinx founder numbers are growing at a faster rate than any other group and we’re expected to yield $1.4 Trillion in US GDP. A couple of years ago, I started my journey in supporting Latinx founders as an investor at Backstage Capital through the Accelerator and with this post. And I believe what I wrote then even more now! TL;DR Latinx entrepreneurs are a strong force to be reckoned with! With capital and support, we can grow our businesses to produce in the trillions — trillions that can better the lives of our
The Ghanaian Entrepreneur Who Has Built Two YC-Backed Startups in Five Years: A Discussion with Jesse Ghansah
This article was written by Tage Kene-Okafor and was originally published on African based publication Techpoint.africa In 2012, Jesse Ghansah, Prince Boakye Boampong, and Dominic Mensah began trying their hands on a new project, OMG Ghana. Three years later, the project would become a media startup, OMG Digital. At the time, the Ghanaian startup was dubbed the “BuzzFeed of Africa” and as a founder, Ghansah co-led his team into Y Combinator (YC), participating in the accelerator with the likes of Envyl, Flutterwave, Instabug, and Paystack in 2016. Up until 2019, Ghansah remained at OMG Digital but he has now
I was one of the first Black investors to be promoted to Partner at a venture capital firm. At the time (2015), I was also one of the youngest, having just turned 31 years old. I have been in the venture industry since 2011, beginning as an intern in Kapor Capital’s inaugural Summer Associates program. I have never seen a wave of pro-Black commentary and actions like the one we are all witnessing today. Over the past few weeks, more people than ever before have aligned themselves to the #BlackLivesMatter
The last few weeks (but really years) have been nothing short of emotionally challenging. In between bouts of deep sadness and profound rage, I’m a confused mess. It hurts deeply to care so much about a world that’s not designed to promote the prosperity of Black people. While I’m consistently proud of (and enamored by) the resilience of our community throughout history, I often wonder about the amount of violence a community of people can endure before the damage is irreparable. I frequently worry about the collective psyche of oppressed
When we first posted The Black Founder List during Black History Month, the world looked very different. Coronavirus was not being mentioned much in the news in the US, nor were Black founders. Fast forward to today, the Black Lives Matter movement has begun to affect how people see the Black experience across every industry, even tech. This movement is pushing people to go beyond short term solutions, as the country has begun a larger discussion around how to address racism and make the startup, tech, and venture capital industry
Naj Austin is Building Spaces & Products that Help People of Color Experience Joy, Feel Seen & Find Inspiration
In the times of COVID-19, I have discovered a certain level of appreciation for human contact. I’m having a lot of trouble accepting the fact that I will not see most of my friends and community in real life, for what is likely to be the rest of 2020. Maybe a sense of community isn’t as important to some people, but as someone who engages in spiritual-religious community, music-related community, and other forms of gathering aimed to celebrate and embrace life’s many ups and downs, this is a difficult time.
As I sit here today writing this piece, the country burns as thousands of Black Americans (and our allies) are expressing their pain and mourning the loss of countless citizens — most recently George Floyd, Ahmaud Arbery, and Breonna Taylor. While citizens of all backgrounds are marching in almost every major city, I can’t help but be reminded that 99 years ago today, the Tulsa race massacre (also known as the Black Wall Street massacre) began. By its end, nearly 300 Americans were killed as white residents attacked black residents and
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It’s fair to say Kenya’s predominantly informal sector is currently under shock, due to the impact of the ‘rona’ and the measures and mitigations that have followed: quarantines, social distancing rules, curfews, restrictions and possibly lockdowns. M-Pesa inextricable link with Kenya’s biashara economy [small trader economy] fully exposes it to this shock. Newly appointed CEO Peter Ndegwa of Safaricom and M-Pesa admitted to Reuters , that the mobile payments darling of Africa and East Africa is fully dependent on the economy of Kenya. It has only been a month of subdued biashara,