Startups
In nearly a decade, hundreds of entrepreneurs have emerged with innovative startups across the African continent. We provide insights on their experiences and highlight the activities of investors who fund them.
Top stories
African startups must carefully consider their next best market when it comes to expansion. And very often, the next best market is not within the continent.
Backed by a $100 million investment, South African healthtech hearX has finalised a merger with Eargo to provide accessible hearing solutions.
While Paystack and Zap Africa have not proven that either of them have trademark rights to Zap, sources reveal that the trademark registrations may have been erroneous.
Paystack’s new product, “Zap,” has sparked controversy over its name. While some claim its originality, many other companies also use it. Here are eight brands with “Zap” in their names.
Cleva has obtained an International Money Transfer Operator (IMTO) licence from the Central Bank of Nigeria, yet concerns persist regarding the scope of activities the apex bank permits for fintechs.
Stakpak, an AI-powered DevOps platform, helps developers automate infrastructure tasks. With $500K in pre-seed funding, the startup aims to save businesses time and costs in DevOps management.
AltSchool has launched AI for 10M Africans initiative to help people across the continent learn to use AI in multiple languages including Arabic, French, Portuguese, and Igbo.
Starting in Q2 2025, AltSchool Africa will roll out hybrid programmes aimed at enhancing learning outcomes for its students.
This guide outlines the key steps for foreigners starting a business in Nigeria, including company registration with the Corporate Affairs Commission (CAC), tax compliance, banking requirements, and sector-specific regulations.
VC: Funds growth, manages exits (M&A, IPO) & restructuring for returns. Seeks strong teams, large markets, innovation. Exits provide capital. Restructuring fixes issues. Impacts markets & finance.
Convertible notes: Early startup funding. Loan converts to equity in future (funding round). Postpones valuation. Features: interest, maturity date, valuation cap, discount. Unlike SAFEs (no debt). Good for early stage but understand dilution risk. Seek legal advice.
Dilution: New shares decrease your ownership %. Necessary for startup growth funding. Occurs via investment, options, debt. Affects founders, staff, early backers. Reduce impact with smart planning. Use tools like Capboard to calculate.
Restructuring operations: Streamline processes, cut costs, boost efficiency. May involve workflow changes, technology, or workforce adjustments. Goal: improve agility, financial stability, growth. Plan carefully, communicate clearly, manage change effectively.
Exit timing: crucial for profit in trading, investing, business. Analyze markets, set goals, manage emotions. Use stop-loss, take-profit, percentage exits. Adapt strategy. Avoid holding too long or selling too early. Data-driven decisions are key.
Kenya patent: Secure your invention’s rights. Must be new, inventive, usable. Apply via KIPI with specifics. Process involves checks, publishing. Standard patents: 20 years. Utility models: 10 years. Seek expert help.
Registering in the US: Choose business structure (LLC/Corp), select state (tax benefits), register name. File paperwork, get EIN, open US bank account. Non-residents welcome. Costs vary by state. Legal protection & funding await.
Valuation cap: tops SAFE/note conversion value, aiding early investors. Negotiate with traction data, market research. Methods: asset, DCF, comps, scorecard, VC. Aims for fair founder/investor balance.
Nigeria: Africa’s startup hub (3,360+). VC firms (Future Africa, EchoVC, TLcom) drive growth in fintech, agritech. Choose wisely: sector, track record, value. Funding hurdles exist.
UK patents grant exclusive rights for inventions (new, inventive, industrial application) for up to 20 years. Registration involves IPO filing, search, examination, and fees. Consider a patent attorney. UK patent = UK protection only.
Visa gift cards need activation for security and use. Activate online or by phone with card details. Vanilla Visa and Australia have specific steps. Can act like debit cards with PIN.