Alexandra Fraser | Director and Founder | Viridian | mail me |
One of the biggest challenges facing entrepreneurial start-ups in sub-Saharan Africa is funding – particularly early-stage financial support – even though the landscape across the region has evolved over the past few years with more funders and capital deployed in this space.
This has been driven primarily by a growing appetite for alternative investments, successful recent exits, e.g., Paystack in Nigeria, and the fact that start-up investments have become more accessible.
Stage distribution
However, this capital increase is not evenly distributed. Less capital is available during the early stages, and women entrepreneurs continue to struggle to access funding.
Similarly, certain countries and specific sectors also battle to access capital. Raising capital as an established fintech in Lagos, for example, is vastly different to raising capital for a proof-of-concept agritech business in rural Tanzania.
Early-stage start-up gap
Even though several funds were established for African start-ups, the majority is aimed at those with a proven product that is market fit and ready to scale to new customers and markets. This has resulted in an aid gap for early-stage start-ups. Angel investors – defined as an individual or groups of individuals who usually provide equity capital for start-up businesses – are ideally positioned to help plug the seed-stage gap. In addition to providing capital, hands-on angels typically…
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May I ask as in the bottom of this standard post I have stared sharing as of yesterday with South Africa between stage 5 and 6 LOAD SHEDDING.
Much said about energy…
Stopping fossil fuels…
Climate damage etc…
But little, done.
Little true attention is give to…
As of 2020, according to a report published by Energy Innovation Policy and Technology, 80% of existing U.S. coal plants are more expensive to keep in operation than replacing them with new green alternatives.24 Jun 2021
Resultantly more attention Must be given to alternative sources of energy.
Solar is good in the hours available.
Wind energy is also good when the wind is blowing with enough force.
However there is absolute concensus that there is Absolutely Vast Energy in the constant motion of the Ocean. Vast Energy Available, besides the Ocean being 71% of the surface of the planet, in that the brute force is enormous and as well because of water having 784 times the density and resultant force of air/wind. In addition literally available 25 hours a day and 8 days a week. This will cost less than the estimated cost of $3,000 / Kw of power stations and nuclear at $5,000
If sounding exasperated it is because of the present economy losses, inconvenience of energy shortages and the time wasted whilst an opportunity is available and waiting as possibly in
Bit.ly/GooseElect
THEN please comment.
.