Despite Africa's slow progress in building the 5G network infrastructure, interest in joining the next stage of the internet revolution is still high.
By 2024, African gaming is projected to be worth about $1 billion, according to data from research firm Newzoo. In 2022, games sold in the region generated $862.8 million in revenue, up 8.7% YoY.
African startups secured $1.5B in debt financing in 2022, marking a staggering 160% YoY growth amid a funding winter. Yet, with rising global interest rates and currency depreciation concerns, viability remains a crucial question.
VC investments in African tech dropped by 48% in the first half of 2023, we talk to Victor Asemota, an African tech entrepreneur on how this is affecting the ecosystem.
Tech companies can build high-performing teams that consistently meet objectives, drive innovation, and fuel organizational growth but they will need to get the right mix of talents to achieve that.
According to NDIC, the number of POS and mobile fraud cases increased by 19.51% in the first quarter of 2023. This is likely due to the growing popularity of these payment methods in Nigeria.
Oo Nwoye and Opeyemi Awoyemi talk about the African startup funding landscape and alternative funding sources for tech entrepreneurs.