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Said El Mansour Cherkaoui Works on Africa and Morocco

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The following platforms represent the groups and Websites that Dr. Said El Mansour Cherkaoui has created and is managing to increase the visibility of Africa and Morocco and to draw interest in matters focusing on the needs of Africans and those that are necessary to build a Model of Development that will be tailored for each country in Africa in a way that set a suite of models that can be complementary in the sense to build an Economic African Space made of clusters and niches that can complete each other for the sake to make Africa self-sufficient and relying on its own regional productive, transformative and operational capacities, and financial and natural resources own by African nations.

Following the presentation of these groups and websites, you will be able to read about what Africa has achieved so far at the level of Technological drive and transformation of the ecosystem. We define the technology here not like a Casino where financiers are betting on the winning numbers or horses, we are focusing on building the real technological foundations that Africa needs to be at its level of change, progress, and development which can master its advances toward interiorizing its abilities to explore, discover and create new forms of technological applications and economic segments necessary not only to sell or transfer value but to form and expand the outreach of its technological creativity to the level of implementing an independent technological strategy and policies to protect its path toward a complete technological independence.

To communicate with the author: Said El Mansour Cherkaoui, please email: saidcherkaoui@triconsultingkyoto.com

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English ★★ Version ★★ Francais

JUST FOR YOU – MY WORK and RESEARCH PUBLISHED Websites I designed, built and where I publish articles, reports, and analyses on Morocco, Africa, the Middle East, Europe, Asia, North and South America, and Asia. Memories and Writers of Legacies are among my favorite personages and minds when I am writing about the treasures of humanity in my cultural background like in my inviting cultural environment.  A swing between dreams and memories is the night and the days for the exploration of ideas and models to pass to the new generation as historical human milestones in the road of existence of those who shed light on our own lives.  My publications concentrate also on digital and techno-logistical changes with insights on the evolution and differentiation of business, trade, and finance applicable management models and socio-strategic implementations with consideration to economic development theories, concepts, and entrepreneurial planning and realizations.  I focus on changes around the world what has an impact in decision-making and what can make a difference in the daily existence of communities, business organizations, institutional establishments and representative professional groups and political entities. In my writings, I also give particular attention to areas, domains, and subjects that carry potential and prospective changes within their movement of transfer, connection, and inner transformation along with their evolution within new spheres of adaptation, interventions, and relinquishment of established alliances. Maintaining the forces in presence in the balanced position of weakness is what enacts the movement of directing changes within a frame of antagonistic relationship, producing elements and instruments of control and definition of new relationships within and among these forces that are channeled toward dependency and reliance on external factors for their equilibrium. This process is taking place within a frame of regional military conflict in parallel to financial and economic competition that are kept in a balance of weakness and an equilibrium that is controlled by external forces who have also their forces maintained in a balanced position of weakness.  A cascade of control is spreading within various spheres of decision and interactions that are applied to economic sectors and financial instruments.

JUSTE POUR VOUS – MON TRAVAIL ET MES RECHERCHES PUBLIÉES  Des sites que j’ai conçus, construits et où je publie pour vous des articles, reportages et analyses sur le Maroc, l’Afrique, le Moyen Orient, l’Europe, l’Asie, l’Amérique du Nord et du Sud et l’Asie.  Les souvenirs et les écrivains d’héritages font partie de mes personnages et de mes esprits préférés lorsque j’écris sur les trésors de l’humanité dans mon propre milieu culturel comme dans mon environnement culturel hospitalier. Une oscillation entre les rêves et les souvenirs sont la nuit et les jours pour l’exploration des idéaux et des modèles à transmettre à la nouvelle génération comme jalons humains historiques dans le chemin de l’existence de celles et ceux qui éclairent notre propre vie.  Mes publications se concentrent également sur les changements numériques et techno-logistiques avec un aperçu de l’évolution et de la différenciation des modèles de gestion applicables aux entreprises, du commerce, de la finance et des implémentations socio-stratégiques en tenant compte des théories, des concepts, de la planification et des réalisations entrepreneuriales concernant le développement économique.  Je me concentre sur les changements dans le monde et ce qui a un impact sur la prise de décision et ce qui peut faire une différence dans l’existence quotidienne des communautés, des organisations d’entreprises, des établissements institutionnels et des groupes professionnels représentatifs et des entités politiques.  Dans mes écrits, j’accorde également une attention particulière aux domaines, domaines et sujets porteurs de changements potentiels et prospectifs dans leur propre mouvement de transfert, de connexion et de transformation intérieure tout au long de leur évolution dans de nouvelles sphères d’adaptation, d’interventions et de remise en cause des alliances nouées.  Maintenir les forces en présence en position d’équilibre de faiblesse est ce qui met en œuvre le mouvement d’orientation des changements dans un cadre de relation antagoniste, produisant des éléments et des instruments de contrôle et de définition de nouvelles relations à l’intérieur et entre ces forces qui sont en fait canalisées vers la dépendance. et le recours à des facteurs externes pour leur propre équilibre.  Ce processus se déroule en fait dans un cadre de conflit militaire régional parallèlement à une concurrence acharnée financière et économique maintenue dans un équilibre de faiblesse et un équilibre contrôlé par des forces extérieures qui maintiennent aussi leurs propres forces dans une position équilibrée de faiblesse. Une cascade de contrôle se déploie au sein de diverses sphères de décision et d’interactions qui s’appliquent aux secteurs économiques et aux instruments financiers.

★★ Websites Designed, Built and Managed ★ ★  

Publications – Said El Mansour Cherkaoui

★ https://mazaganmagazine.wordpress.com/  ★ http://madeinmazagan.weebly.com/   ★ https://saidcherkaoui24.wordpress.com/ ★ https://marocroissance.wordpress.com/   ★ https://bagnolecherkaoui.wordpress.com/ ★ https://chroniquecherkaoui.wordpress.com/ ★ https://cherkaoui1journal.weebly.com/   https://oaklandchronicle.wordpress.com/

★ https://africacontext.wordpress.com/   ★ https://africanaenterprise.wordpress.com/   ★ https://africanaentreprise.weebly.com/  ★ https://globalleverage.wordpress.com/   ★ https://glocentrade.wordpress.com/  ★  Version English ★ https://glocentrafr.wordpress.com/     ★  Version Française ★ http://glocentra.weebly.com/ ★ https://globalternatives.weebly.com/

🌐 Professional Affiliations 🌐 

Said El Mansour Cherkaoui, Ph.D.

Article posted on April 23, 2022

16,485 views / Lecteur/rices · 88 reactions · 79 comments / Commentaires · 16 reshares / partages

★★ ★★ ★★ ★

🌍 TRI CONSULTING KYOTO🌍 TRI CK USA🌍🌍To develop a culture of entrepreneurship, innovation and social progress 🌐Oakland California🌐El Jadida Morocco🌍

🌍 ★ https://www.linkedin.com/company/africaentreprise/ 

★★ ★★ ★★ ★

★ GL🌐BAL LEVERAGE ★ 🌎News, Reports, Analysis, Views, Opinions and links to Africa, Americas, Asia, Europe and Middle East

🌐 ★ https://www.linkedin.com/company/globalleverage/ 🌎

 ★★ ★★ ★★ ★

🌍 Africana Enterprise Advanced Education and Africa Digitall Transformation

IT Services and IT Consulting Oakland, California

🌍 🌐 ★ https://www.linkedin.com/company/africanaentrepreneurship/?viewAsMember=true  ★ 

🌐 ★ Facebook ★ 🌐

★★ Groups and Pages ★ Groupes et Pages ★★ 

★  Said El Mansour Cherkaoui★ https://www.facebook.com/Dr.saidelmansourcherkaoui  ★  Espace Athlétique de Said El Mansour Cherkaoui ★ https://www.facebook.com/espaceathleticdecherkaoui/   ★  AHMED BOUAFI★ https://www.facebook.com/Dr.saidelmansourcherkaoui ★  Driss Chraïbi Abdelkebir Khatibi★ https://www.facebook.com/groups/1015713949376065/ ★  Mazagan Magazine ★ https://www.facebook.com/groups/mazaganmagazine/ ★ Mémoires Connaissances et Familles Made in Mazagan El Jadida Doukkala ★ https://www.facebook.com/groups/305334284106114/ ★ Made in Doukkala – Maroc★ https://www.facebook.com/madeindoukkala/  ★ DOUKKALA DÉ-COLLAGE ★ https://www.facebook.com/groups/doukkalais/

★ Morocco – Maroc – Marruecos  https://www.facebook.com/groups/1532336083751286/ ★ Friends Who Like PPS Maroc https://www.facebook.com/groups/626689334149311/ ★ Maroc Croissance★ https://www.facebook.com/marocroissance/  ★ USA – France – Maghreb★ https://www.facebook.com/usamaghreb/  ★ Global Leverage ★ https://www.facebook.com/globalleverage/   ★ LIBÉRALISME & DÉVELOPPEMENT / LIBERALISM & DEVELOPMENT https://www.facebook.com/groups/subcapitalisme/   ★ American Institute of Entrepreneurship in Africa https://www.facebook.com/groups/instituteentrepreneurshipinafrica/   ★ American Institute of Management at Oakland  https://www.facebook.com/americaninstituteofmanagement/

★ Friends Who Like American Institute of Management at Oakland ★ https://www.facebook.com/groups/837823549694820/

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Here is the Real Rocket Taking to the African Galaxy

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🌍 Said El Mansour Cherkaoui 🌍 Updated on 5/25/2022 🌍 1/3/2021 🌍

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#afrique #africa #maroc #morocco #croissance #entreprise #analysis #research #publications #online #internationaltrade #internationalbusiness #export #import #smallbusiness #usa #tech #enterprise #digitall #saidelmansourcherkaoui #works #glocentra #glocentrafr #globalcenterfortrade

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Said El Mansour Cherkaoui – Originally published on June 18, 2023 6:48 am

Give me that High Five, We Got the World to Believe in Our Fine TechShow – Dreams of Rolling the Mechanics and the Dice over Silicon Valley and the World of “Incredulous Investors.” Babe, Let’s Buy an Island and Go Around the World

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Global Fintech Funding and Rounds from Q1 2022 to Q2 2023

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EMEA Fintech Funding takes the largest dive YoY in H1 2023, compared to other regions

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Africa has over half a billion mobile money accounts and it is the largest and fastest-growing fintech segment on the continent

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Egypt, Iran, and Saudi Arabia technically have the largest addressable market sizes for fintech across the MENA region

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African Startups Not Celebrating the New Year 2024

How many startups fail in USA? Approximately 10% of startups fail within the first year. According to the United States Bureau of Labor Statistics, the startup failure rate increases over time, and the most significant percentage of businesses that fail are younger than 10 years. Over the long run, 90% of startups fail. Startup ★ Stars … Continue reading

African Startups Not Celebrating 2024

The companies are well positioned to benefit from the growth of Africa’s tech but they must address the needs of African users

Kampala, Uganda | THE INDEPENDENT | Last year, Google’s Equiano undersea cable began conveying terabytes of data per second to and from African shores. Valued at $1 billion, Equiano stretches from Western Europe to South Africa and has 20 times the capacity of the previous cables that served the continent. According to Google projections, the new cable has the potential to transform Africa’s economy by creating millions of jobs, reducing data costs by nearly 20%, and enabling a fivefold increase in internet speeds.

Other prominent US-based tech companies are also investing heavily in Africa. Amazon is in the midst of constructing its African headquarters in South Africa, while Microsoft recently launched an initiative to bring internet access to 100 million Africans by 2025. Meanwhile, Meta (formerly Facebook) is building 2Africa, an undersea cable expected to be the world’s longest when it is completed in 2024.

The impetus for these investments is the growing recognition that the future of America’s technology industry hinges on expanding its African customer base. Today, a little over a third of Africa’s 1.4 billion people use the internet, representing a small fraction of the world’s internet users. But the continent’s population is projected to reach 2.5 billion by 2050 one-quarter of the global total. The vast majority of Africans are expected to become internet users by then, offering tech companies opportunities that no other region can match.

Still, there is no guarantee that the investments made by Google and other US tech companies will pay off. In recent years, foreign competitors, particularly China-based firms, have also recognized Africa’s immense potential for the technology sector, leading to intense competition for market shares.

Currently, no single actor dominates African markets. Whereas Chinese companies lead in some sectors, such as telecommunications hardware, US companies prevail in software platforms, operating systems, and search. Meanwhile, African-owned fintech companies and startups are growing rapidly, and the continent’s undersea cables and data centers are managed by a diverse set of local and remote enterprises.

The most persistent challenge facing Big Tech firms in Africa is their ignorance of and disregard for Africans’ preferences and needs. For example, some US analysts have expressed concern about the rise of Chinese companies such as Transsion, which manufactures nearly half of Africa’s smartphones. But the main reason companies such as Apple and Google struggle to compete is that their products are priced as luxury goods and are ill-suited for consumers in low-income countries. The base price of the iPhone 14, the top-selling phone in the United States, is $799, nearly half of Sub-Saharan Africa’s GDP per capita. Transsion’s phones, by contrast, sell for as little as $20.

Likewise, data localization is widely supported by African governments, researchers, and citizens. But Big Tech companies vehemently oppose efforts to store data on African citizens within their countries of origin.

To be sure, data localization is not always cost-effective and could be used by governments to undermine civil rights. But studies commissioned by the Internet Society show that efforts to localize internet traffic in Nigeria and Kenya have reduced prices, decreased latency, and fueled the growth of the local tech ecosystem. Conversely, as Nima Elmi observed, Big Tech’s approach effectively perpetuates African countries’ status as consumers of “foreign tech innovations that are developed using their own data and then sold back to them.”

Big Tech firms’ labor and recruitment practices are another example of their disregard for Africa’s needs and interests. At the top end of the pay scale, African policymakers are concerned that tech giants’ tendency to poach top talent will undermine the growth of their domestic industries. Meanwhile, these companies face legal action for subjecting content moderators, many of whom are based in Nairobi, to traumatizing experiences and inadequate wages.

Moreover, the proliferation of disinformation and incitement on social media has severely eroded the reputation of US-based platforms like Facebook, which has fueled violent conflict in Ethiopia and provided fertile ground for extremist groups such as the al-Qaeda-backed al-Shabaab. For years, Facebook ignored organized criminal groups’ use of its platform to lure Africans into domestic servitude. The company finally acted only after Apple threatened to remove Facebook and Instagram from its app store.

Given Big Tech’s record of ignoring and neglecting Africans’ needs and concerns, it is no wonder that African governments have begun to explore alternatives. Nigeria, for example, imposed a seven-month ban on Twitter in 2021, lifting it only after the company agreed to open a local office, pay taxes, and cooperate with national-security agencies. Other countries, such as Kenya, have threatened similar bans.

With their unparalleled expertise and world-class technology, US companies are well positioned to benefit from the growth of Africa’s tech market. But to maximize this opportunity, they must address the needs of African users. Moreover, establishing stronger partnerships with the burgeoning African tech industry could greatly benefit these companies, enabling them to tailor their technologies to the preferences of underserved users and mitigate the impact of disinformation. By fostering relationships with Africa-based researchers and civil-society groups, US tech companies could support the creation of a healthy digital ecosystem that promotes prosperity, security, and accountability for all users.

Over the past few years, Big Tech firms’ failure to address privacy concerns and combat disinformation has prompted a growing debate about the apparent conflict between their professed values and their bottom lines. But to succeed in Africa, US-based tech companies must recognize the falseness of this dichotomy. While investing in African businesses may yield financial rewards, investing in African citizens is the key to unlocking the continent’s vast economic potential.

***** The Independent June 13, 2023 Business, In The Magazine – Source: Project Syndicate.

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AFRICAFRIQUE TECH ECOSYSTEM

The Reality of Digital Network and Startup / Tech Hubs in Africa

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During the first quarter of 2020, Africa has 522 million internet users representing 11.5% and was ranked third in the global tally. The first one wa Asia that accounts for more than half of the global internet users. Data gathered by Learnbonds indicates that during the first quarter of 2020, the Asian continent accounted for 2.3 billion users representing about 50.3% of the global users. From the same data, Europe has the second-highest number of internet users at 15.9% which represents 727 million users.

With 453 million users, Latin America and the Caribbean region comes fourth. The region accounts for 10.1% of the worldwide internet users. In fifth place is North America with 327 million users, which represents 7.8% followed by the Middle East at 175 million users (3.9%). Oceania and the Australian region account for the least global internet user globally at 29 million which represents 0.6%.

The rise of Africa is a confirmation of a trend that compared to all regions, the strongest growth has been reported in Africa, where the percentage of people using the Internet increased from 2.1 per cent in 2005 to 24.4 per cent in 2018, according to ITU data. … The theme, “Boosting Africa’s Digital Economy,” recognizes the key role of digital technologies in the modern economy. May 27, 2019

Africa Needs to Think Big and Think Fresh

According to certain indicators, Africa is hosting only 11% of the world’s Internet subscribers and only 35.2% of the African population are accessing the Internet and mainly trough the mobile phone.

In response, efforts were made by the African governments to increase the development of fiber optique as network. Taking the example on the American, European, Indian and Chinese markets, African regulators are trying to implement policies “that encourage network sharing and access to ducts, thus facilitating the roll out of networks and reducing deployment costs. This trend is actually happening in Kenya, Nigeria, Ghana, Tunisia and Nigeria.

However, some people in Africa have been abandoned along the way in recent years as technology and robotisation have reduced the wages of some communities “of workers, says Christine Lagarde, the director general of the IMF.

On the other hand, the Director of ITU’s Telecommunication Development Bureau, Doreen Bogdan-Martin said: “Africa cannot afford to think small or act slowly, and at the current rate of progress, hundreds of millions of African children will still be denied the opportunity to realize their potential. Without more rapid digital transformation, Africa will not succeed in creating the huge number of new jobs needed to match its population growth.”

Building a solid digital economy will require a focus in key areas, such as: digital infrastructure, digital literacy and skills, digital financial services, digital platforms, and digital entrepreneurship and innovation, says Ms Bogdan-Martin.

“Can we attain the goal of universal and affordable access to broadband for all Africans by 2030? Not without a paradigm shift,” says Ms Bogdan-Martin. “Africa’s digital transformation is going to need all hands on deck. We need to work together more effectively; engage old and new partners more effectively; innovate more effectively.”

“We need a coordinated effort to push forward the digital transformation of Africa through shared vision, policies and measures to support pan-African digital integration,” says Ms Bogdan-Martin. “Digital transformation will provide the springboard for a leap into the African Century. Africa’s youth are ready and waiting to make that leap. We must not let them down.”

Startup and Tech Trends in Africa

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12 African startups to watch in 2020

 BY GABRIELLA MULLIGAN ON JANUARY 2, 2020 – https://disruptafrica.com/

While you’re at it, check these picks for 2016, 2017, 2018 and 2019.

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For the Disrupt Africa team, it has been another fascinating year of conversations and meetings with hundreds of inspiring, innovative African tech startups.

But which of these companies do we think have the brightest futures ahead of them? Here is our pick of the top 12 African startups to watch out for in 2020.

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Ahmed Benjas, MBA Finance Director | SAP | IFRS | SOX | US GAAP | Middle East & North Africa regions |

“When I see these figures, I wonder what makes us believe that we are a country where the economy moves.” -: studies overly paid by the State (McKinsey, Roland Berger …) and we do not have not got the thread to start yet? – Incubators that ultimately serve what? – too many startup events …. !!!! – CoWorking Spaces where we only display the signs of laid-back startups …. – business angels who are not ready to play the game … In my opinion, the failure is total, and our ecosystem is unattractive ” end of the quote.

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Raising Capital Funding for Start-up in Africa 2017 (in Millions of dollars)

Google launched a network of free Wi-Fi hotspots in Nigeria on Thursday, August 9, 2018, as part of its effort to increase its presence in Africa’s most populous nation.

The U.S. technology firm owned by Alphabet Inc has partnered with Nigerian fiber cable network provider 21st Century to provide its public Wi-Fi service, Google Station, in six places in the commercial capital Lagos, including the city’s airport.

Internet penetration is relatively low in Nigeria. Some 25.7 percent of the population made use of the internet in 2016, according to World Bank Data.

We are rolling out the service in Lagos today but the plan is to quickly expand to other locations.

The poor internet infrastructure is a major challenge for businesses operating in the country, which is Africa’s largest oil producer. Broadband services are either unreliable or unaffordable to many of Nigeria’s 190 million inhabitants.

“We are rolling out the service in Lagos today but the plan is to quickly expand to other locations,” Anjali Joshi, Google’s vice president for product management, told Reuters in Lagos.

The company said it aimed to collaborate with internet service providers to reach millions of Nigerians in 200 public spaces, across five cities by the end of 2019.

It said it would generate cash from the service in Nigeria by placing Google adverts in the login portal. Google did not disclose the amount invested in the new Nigeria service.

The technology firm said it planned to share revenues with its partners to help them maintain and deploy the Wi-Fi service but did not disclose the expected advertising revenue split.

Africa’s rapid population growth, falling data costs, and heavy adoption of mobile phones have made it an attractive investment prospect for technology companies.

Nigeria is the fifth country to launch Google Station. Similar services have been launched in India, Indonesia, Mexico and Thailand.

The service is aimed at countries with rapidly expanding populations. The United Nations estimates Nigeria will be the world’s third most populous nation, after China and India, by 2050.

“A lot of people who found data to be too expensive for them to use, are using it,” said Joshi. “In India, we have tens of millions of users, and close to a million in Mexico.”

However, many do not disclose how profitable the continent’s markets are, or if they make the companies money at all.

Last year, Google announced plans to train 10 million Africans in online skills within five years. It also said it aimed to provide $3 million in equity-free support to African start-ups.

Nigerian Vice President Yemi Osinbajo visited Google’s Silicon Valley headquarters this month to meet the company’s chief executive, Sundar Pichai.

REUTERS

The average size of the deals struck in Africa by startups also increased year-on-year at every stage of investment, with Series A funding, for example, increasing to around $3.7m. Series A refers to a company’s first significant round of venture capital financing. At the same time, the number of tech hubs in Africa has risen to 310, with 173 accelerators and incubators recorded in 2016, according to the World Bank. There were 117 in the previous ye

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 For Startups: High Priority Should be given to Assembling Founding Team

 While it is true that an entrepreneur needs to be very disciplined hence the 24 steps in Disciplined Entrepreneurship taught by Prof Bill Aulet, I cannot hide my eureka moment when I become more and more convinced after conforming: the number one skill that an aspiring founder must prioritize is FOUNDING TEAM ASSEMBLY – choosing co-founders, splitting equity, recruiting advisors, managing a board. 

This is articulated by Thomas R. Eisenmann, Rob Howe, and Beth Altringer in “What Does an Aspiring Founder Need to Know?“

Interestingly, Prof Matt Marx of MIT Sloan elaborated carefully in his class “Dilemmas in Founding New Ventures (a full semester in 80 minutes)”. In it he gave examples from Smartix, Segway, Wily Technology, and Zipcar.com that could have been conducted better during the founding team assembly stage. He outlined some observations that the Skills and Networks of the founders must complement each other, but objectives must be similar among the founders. Skills is easily observed. Networks is also rather easy if you probe. However, the raison d’être of the co-founder is not observable.

In Tribute to Nass Al Ghiwane and Moroccan Popular Culture and its Human and Artistic Pillars

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North African Sahara: Traditional Music and Universal Rhythms

⧫ Said El Mansour Cherkaoui ⧫ 27/12/2021 ⧫ Paul Bowles Moroccan Music Collection From July to December 1959, Paul Bowles crisscrossed Morocco making recordings of traditional music under … Continue reading Paul Bowles Moroccan Music Collection MOROCCO INFUSING EXCELLENCE Tayeb Seddiki and the Rise of Nass El Ghiwane Tayeb Seddiki the Man of the Wood Planks … Continue reading

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How many startups fail in USA?

Approximately 10% of startups fail within the first year. According to the United States Bureau of Labor Statistics, the startup failure rate increases over time, and the most significant percentage of businesses that fail are younger than 10 years. Over the long run, 90% of startups fail.

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Startup ★ Stars ★ Stages

Said El Mansour Cherkaoui  March 22, 2022 – DoorDash founders’ fortunes Founded6/10/2022 Diners globally are increasingly hungry to leave their homes and go … Read More

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All but the most promising and well-run VC-backed startups struggled to raise funding as venture capital investors became much more selective than they were just a few years ago. As a result, startups that weren’t yet able to sustain their operations without additional funding ran out of money and closed up shop.

Africa Dismay and Startup Going Down

• VC funding in the African startup ecosystem has steadily declined in 2023, causing experts to worry about the future of the once fast-growing sector.
• With fewer investors willing to bet on the continent during the tech downturn, the funding crunch has triggered mass layoffs, slashed valuations, and the liquidation of several African startups.
• Recent news reports of mismanagement and fraud have impacted investor perception, leading to increased scrutiny and demand for credibility from local and global investors.

The funding crunch has already caused several casualties. Since the beginning of the year, at least 10 African startups.

2023 has been a difficult year for African startups. The global economic downturn has led to a decrease in venture capital funding for startups worldwide, including African startups. Funding for African startups has dropped significantly, with estimates suggesting a decline of 50% or more compared to 2022. 

Other reasons for the shutdown of African startups in 2023 include: 

• Fewer investors willing to bet on the continent
• Mass layoffs
• Slashed valuations
• Liquidation of several African startups
• Fund mismanagement
• Unfavorable market conditions
• Challenges associated with certain business models
• Lack of liquidity in the market
• Difficulties startups use to regularly raising capital
• Inability to convince investors

Other challenges that impact the success of startups in Sub-Saharan Africa include: Infrastructure deficits, Regulatory obstacles, Limited mentorship, Frugality issues, Inadequate marketing and branding.  The absence of internet connection is also a factor in limiting the expansion of E-commerce and other business online transactions. This is not just in the rural areas but also in the cities.

Some notable African startups that shut down in 2023 include: 

• HytchA Nigerian B2B logistic platform that shut down because it “couldn’t raise [funding] and couldn’t sustain the business with just the money [it was] making”
• OkadaBooksA Nigerian digital publishing platform that shut down due to unspecified “insurmountable challenges”
• DashA Ghanaian payments startup that folded in October amid allegations of financial impropriety and false reporting

TOP TEN African Startups Not Celebrating the New Year 2024

Sub-Saharan Africa faces unique challenges that impact the success of startups. An article published on Medium in April 2023 outlines these challenges, including a lack of funding, infrastructure deficits, regulatory obstacles, limited mentorship, frugality issues, and inadequate marketing and branding.

Sendy: In August, Kenyan end-to-end fulfillment startup Sendy shut down operations and announced a fire sale of assets (it didn’t call it that), with reports saying reduced order volumes and fuel price hikes meant it was making deliveries at a loss, and had a monthly burn rate of US$1 million. Sendy raised US$20 million in capital as recently as January 2020, but in the current climate further funding was not to be found.

54gene: 54gene, a genomics research company that had raised US$45 million across three funding rounds, revealed in September that it had started winding down its operations. 54gene, which has had three CEOs in the last 12 months.

Dash: Ghanaian payments startup Dash, founded in 2019, had raised a whopping US$86 million, but folded in October amid allegations of financial impropriety and false reporting. 

WhereIsMyTransport: South African mobility startup WhereIsMyTransport, bankrolled to the tune of over US$27 million by investors such as Naspers in recent years, announced it was closing down in October after failing to secure more investment. 

Lazerpay: In April, Lazerpay, a Nigerian crypto and web3 company, confirmed it was shutting down operations after failing to raise additional funding. The startup had laid off some employees last year after the proposed lead investor for its seed round withdrew due to the “market conditions and disagreement on terms”.

Zumi: Kenyan B2B e-commerce startup Zumi announced in March it had closed down after failing to secure the necessary funding to continue operations. Launched in 2016, Zumi began life as a female-focused digital magazine, before pivoting into e-commerce in 2020. According to co-founder and CEO William McCarren, the startup achieved over US$20 million in sales, acquired 5,000 customers, and built a team of 150 people, but closed after failing to secure investment.

Zazuu: Last month, Zazuu, a London-based marketplace for African remittance companies that and raised more than US$2 million in total funding, also shut down, citing a lack of funding.

Hytch: In February, Nigerian logistics startup Hytch confirmed it had shut down barely nine months after launch.

Okada Books: Nigeria’s Okada Books, founded in 2013 and a pioneer in digital publishing and bookselling, closed down last month, citing rough macroeconomic conditions.

Pivo: Formed by Ijeoma Akwiwu and Nkiru Amadi-Emina in July 2021 and launched in public beta in September, Pivo offered banking services to small supply chain businesses, and raised a US$2 million seed round a little over a year ago. It, too, has now closed its doors, though by all accounts founder conflict also played a part.

Copia: Kenyan e-commerce company Copia, which raised US$50 million Series C funding last year, announced it was pulling out of Uganda, “consistent with many of the best companies in Africa and across the world which are responding to the market environment and prioritising profit.” 

MarketForce: Another Kenyan retail-tech startup, MarketForce, is also facing challenges. The company raised US$40 million in funding in February of last year, back in the boom times, but stunningly, certain VCs that had committed funds backed out. In all, US$8 million of that capital was never wired. MarketForce has struggled to raise more capital, announced a bunch of layoffs, and recently turned to crowdfunding to get some cash in the bank.

Twiga Foods: Twiga Foods, a platform that connects Kenyan farmers to food vendors, recently secured undisclosed funding as part of a business refinancing process, just weeks after facing a KES40 million (USD 262,000) debt collection lawsuit. Twiga secured the new funding from Creadev, Juven, TLcom Capital Partners, and DOB Equity, investors that participated in the US$50 million Series C round it raised in 2021.

Paystack: Nigerian payments company Paystack, acquired by Stripe in 2020, has been steadily growing its geographical presence since then, but is now taking a step back. The company announced last month it had reduced its operations outside of Africa, cutting its workforce in Europe and Dubai.

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Various sources and documentation were used in this article. Corresponding references are listed in the text of this article as links to connect to for further indications.

CHERKAOUI JOURNAL NEWSLETTER

OCTOBER 3, 2022

U.S. Finance Policy Facing High-Tech Clouds

U.S. Finance Policy Facing High Tech Clouds October 3, 2022, For the U.S. Financial Regulators, the Limit is NOT the Sky of the Financial Space, It is the Crypto Cloud Platforms Next the European Central Bank will follow the Course #cloud #bank #cryptonews

SAID EL MANSOUR CHERKAOUI∙1 MIN READ

From West North Africa to West North America

The Conquest of the American West – How the West American Technology Was Won by the Moors of West Africa

La conquête de l’Ouest américain – Comment la technologie ouest-américaine a été conquise par les Maures d’Afrique de l’Ouest

Morocco-United States Relation and American-Moroccan Diaspora

Moroccan Diaspora Worldwide Network – Said El Mansour Cherkaoui Ph.D. • You • 3w • Edited •

Attention Please: Click on this weblink first to access the related pages on the meeting with the Moroccan Official Delegation at the Silicon Valley – Palo Alto

https://triconsultingkyoto.com/?s=Delegation

Relation Maroco-Américaine et Diaspora Américano-Marocaine

Investment and Trade Moroccan Delegation in USA

https://www.linkedin.com/feed/update/urn:li:activity:7192650708116987904?utm_source=share&utm_medium=member_desktop

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Road to Morocco and USA Roadshow by Moroccan Officials

Said El Mansour Cherkaoui Ph.D. welcoming His Excellency Si Mohcine Jazouli, the MICEPP – Ministry of Investment, Convergence and Evaluation of Public Policies who stated his great feeling to be with Moroccans in the Silicon Valley, Northern California:

https://www.linkedin.com/pulse/from-west-north-africa-america-said-el-mansour-cherkaoui-ph-d–2emuc/?trackingId=UnlEwsr5Rr%2B2G9BhqZsaaA%3D%3D

At GITEX AFRICA, a Memorandum of Understanding was signed between the MICEPP – Ministry of Investment, Convergence and Evaluation of Public Policies, the Ministère de la Transition Numérique et de la Réforme de l’Administration, the Moroccan Investment and Export Development Agency – AMDIE, and Oracle Systems Limited.

Oracle Systems Limited intends to increase its local Research & Development workforce to 1,000 information technology specialists; a move that follows the inauguration of its Moroccan Development Center at Casanearshore Park in Casablanca.

It is estimated that 40% of these new positions will be located outside the Greater Casablanca and Rabat-Salé-Kenitra regions, notably through the opening of new offices in Agadir this year, and in northern Morocco within the next two years. The objective set by Oracle is to enable researchers to leverage cloud, AI, and machine learning technologies to address the most pressing challenges in business, science, and the public sector.

Ms. Ghita Mezzour, PhD, Minister responsible for Digital Transition and Administrative Reform of the Moroccan government, signed an agreement with Safra C., CEO of Oracle, to formalize this partnership and this commitment to innovation in Morocco.

The signing ceremony was held in the presence of Mr. Mohcine Jazouli, MICEPP – Ministry of Investment, Convergence and Evaluation of Public Policies, and Mr. Ali Seddiki, Director General of the Moroccan Investment and Export Development Agency – AMDIE.

“Oracle’s R&D center in Casablanca has already played a critical role in driving technical advances, improving cybersecurity, and developing new AI capabilities, [”…“] By strengthening our R&D presence in Morocco, we will be able to further leverage its vast talent pool to accelerate the development of solutions that will help our clients around the world grow their businesses and achieve success in their sectors,» said Safra C.

“This ambitious project is aligned with the Royal Strategic Vision of His Majesty King Mohammed VI, which encourages the innovation and creativity of young Moroccans,” added Ms. Ghita Mezzour, PhD.

In this center of excellence, young Moroccans will be at the forefront of the design and development of innovative solutions using the latest technologies such as artificial intelligence, big data, cloud, and cybersecurity.

These solutions will be deployed on a global scale, thus strengthening Morocco’s positioning as a digital hub for the entire region.

À propos d’Oracle

Oracle propose des suites d’applications intégrées, ainsi qu’une infrastructure sécurisée et autonome dans Oracle Cloud. Pour en savoir plus sur Oracle (NYSE : ORCL), consultez le site www.oracle.com/.

Marques déposées

Oracle, Java, MySQL et NetSuite sont des marques déposées d’Oracle Corporation. NetSuite est la première entreprise cloud à être entrée dans la nouvelle ère du cloud computing.

Mohcine Jazouli GITEX AFRICA Ghita Mezzour, PhD, Ministère de la Transition Numérique et de la Réforme de l’Administration, Mohcine Jazouli, MICEPP – Ministry of Investment, Convergence and Evaluation of Public Policies Ali Seddiki Moroccan Investment and Export Development Agency – AMDIE Oracle

Article Corresponding Link at LinkedIn: https://www.linkedin.com/feed/update/urn:li:activity:7201707941467496448/

In the same horizon, sky, and cloud line, Amazon Web Services (AWS) is getting into the fold of the Moroccan and North Sahara Africa to offer cloud computing in Morocco and Senegal using its AWS Wavelength platform in partnership with Orange, which was announced on Wednesday 29, May 2024.

One of the first of its kind the services will be provided without having physical AWS infrastructure such as data centers. Natural collaboration obliges, Orange will use and branch its physical data centers to shelter the AWS services. This AWS-Orange partnership, beyond language differences and origins, is responding to the rise of demand and needs for speeder and secured computing operations from banks, telecom firms, and healthcare firms.

There is a sense of a Gold Rush in Africa attracting cloud operators to service the rising cloud market that is expected to grow by 15% yearly to reach $18 billion in 2028, according to Statista.

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MICEPP – Ministry of Investment, Convergence and Evaluation of Public Policies 21,528 followers 7h •    7 hours ago

Today, Minister Mohcine Jazouli attended the opening of GITEX AFRICA, chaired by the Head of Government, marking a significant milestone for Morocco’s digital future.
On the sidelines of GITEX, a Memorandum of Understanding was signed between the MICEPP – Ministry of Investment, Convergence and Evaluation of Public Policies, the Ministère de la Transition Numérique et de la Réforme de l’Administration, the Moroccan Investment and Export Development Agency – AMDIE, and Oracle Systems Limited.
This agreement aims to establish two public cloud regions in Morocco.
The investment of $140 million over five years, will enable Oracle to establish a comprehensive suite of cloud services, with deployments in two data centers. This project will provide local and regional businesses with access to next generation cloud services, enhancing their efficiency and competitiveness.

Said El Mansour Cherkaoui Ph.D. • You

★ Strategic Catalyst Driving U.S.-Morocco-Africa Investment, Trade, and Business Development ★ Senior Policy Adviser in International Affairs ★ Accomplished Public Speaker ★ Distinguished News Executive Editor ★

https://www.linkedin.com/posts/tateyokoresearchinstitute_today-minister-mohcine-jazouli-attended-activity-7201707941467496448-03XW?utm_source=share&utm_medium=member_desktop

https://www.linkedin.com/feed/update/urn:li:activity:7201707941467496448

UPDATE: 5/30/2024 By Said Cherkaoui Ph.D. – Said El Mansour Cherkaoui Ph.D.

Oracle Advent Stimulates Interest and Strategic

Amazon Web Services (AWS), an Amazon subsidiary that provides “cloud computing on demand” platforms and applications to individuals, businesses, and governments, plans to offer “cloud computing” to Morocco and Senegal using its AWS Wavelength platform in collaboration with the company French Orange. This is what we read in a joint statement from the two companies, according to which this will be the first time that the services will be available in a country without physical AWS infrastructure such as data centers.

Abdellatif Miraoui • Following• Ministre de l’Enseignement Supérieur, de la Recherche Scientifique et de l’Innovation • Professeur des Universités • Expert international en énergies nouvelles et renouvelables et en mobilité propre et Intelligente

Tout comme la Banque Mondiale et la Communauté Européenne, la BAD soutient également PACTE ESRI de l’université marocaine.
Le Conseil d’administration du groupe de la Banque africaine de développement (BAD) a approuvé un financement de 120 millions d’euros (M€) dans le cadre du programme d’appui à la transformation pour une université marocaine digitale, entrepreneuriale et inclusive (UM4.0).

Said Cherkaoui Ph.D. on LinkedIn: From Silicon Valley, Heart of Tech U…

linkedin.com

Ayoub JADIAView Ayoub JADIA’s profile • 2nd – Cloud & DevOps Engineer ☁️

C’est une excellente nouvelle pour le Maroc 👏 J’espère que les autres géants mondiaux du cloud, tels que Microsoft Azure, Amazon AWS et Google GCP, choisiront également de s’installer ici, d’autant plus que le Maroc est l’un des pays leaders en Afrique 🙏

Yassine BENADDOU IDRISSIView Yassine BENADDOU IDRISSI’s profile • 2nd

𝐒𝐞𝐧𝐢𝐨𝐫 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐭 ✔️ 𝐈 PMO-CC® Certified 𝐈 𝐌𝐈𝐓 𝐈 𝐇𝐚𝐫𝐯𝐚𝐫𝐝 𝐈 Oxford Project Engineering 𝐈 𝐁𝐥𝐚𝐜𝐤𝐛𝐞𝐥𝐭 𝐋𝐞𝐚𝐧 𝐒𝐢𝐱𝐒𝐢𝐠𝐦𝐚 𝐈 Business Analyst 𝐈 𝐀𝐠𝐢𝐥𝐞 𝐈 Researcher

C’est extrêmement contradictoire avec l’orientation verte => Je ne vais pas vous dire combien un datacenter ca consomme en énergie en eau…😉

Amine L.View Amine L.’s profile (He/Him) • 2nd

👨‍💻☁️ Cloud/Systems Archirect | (ISC)² Member 🇲🇫🇲🇦

Yassine BENADDOU IDRISSI en fait ça consomme moins que les milliers de salles serveurs climatisées mais très mal-isolées de Tanger à Lagrouira. Consolider et centraliser dans un datacenter moderne qui respecte toutes les normes en vigueur du Green IT serait beaucoup mieux pour l’environnement.

Yassine BENADDOU IDRISSIView Yassine BENADDOU IDRISSI’s profile • 2nd

𝐒𝐞𝐧𝐢𝐨𝐫 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐭 ✔️ 𝐈 PMO-CC® Certified 𝐈 𝐌𝐈𝐓 𝐈 𝐇𝐚𝐫𝐯𝐚𝐫𝐝 𝐈 Oxford Project Engineering 𝐈 𝐁𝐥𝐚𝐜𝐤𝐛𝐞𝐥𝐭 𝐋𝐞𝐚𝐧 𝐒𝐢𝐱𝐒𝐢𝐠𝐦𝐚 𝐈 Business Analyst 𝐈 𝐀𝐠𝐢𝐥𝐞 𝐈 Researcher

Amine L. Avec tous mes respects, ca n’existe pas des normes en vigueur et green it avec les datacenters => C’est polluant et energivore surtout avec la nouvelle stratégie numérique 2030 vous verrez des datacenters naitre comme des champions mutualisés avec les bornes 5G …de quelle maroc vert on parle 🤔

Amine L.View Amine L.’s profile (He/Him) • 2nd

👨‍💻☁️ Cloud/Systems Archirect | (ISC)² Member 🇲🇫🇲🇦

Yassine BENADDOU IDRISSI J’ai travaillé 7 ans au Maroc sur et dans des datacenters locaux privés, c’était CATASTROPHIQUE:
Des climatiseurs pour serveurs qui refroidissaient de grandes salles de 100m2 à fond alors qu’il n’y avait que 4 serveurs et avec des fenêtres ouvertes.
En terme de normes il y en a plusieurs: ISO 50001, LEED et j’en passe.

Yassine BENADDOU IDRISSIView Yassine BENADDOU IDRISSI’s profile • 2nd

𝐒𝐞𝐧𝐢𝐨𝐫 𝐜𝐨𝐧𝐬𝐮𝐥𝐭𝐚𝐧𝐭 ✔️ 𝐈 PMO-CC® Certified 𝐈 𝐌𝐈𝐓 𝐈 𝐇𝐚𝐫𝐯𝐚𝐫𝐝 𝐈 Oxford Project Engineering 𝐈 𝐁𝐥𝐚𝐜𝐤𝐛𝐞𝐥𝐭 𝐋𝐞𝐚𝐧 𝐒𝐢𝐱𝐒𝐢𝐠𝐦𝐚 𝐈 Business Analyst 𝐈 𝐀𝐠𝐢𝐥𝐞 𝐈 Researcher

Amine L. Les normes sont faites pour faite travailler les cabinets de conseil c’est leur gain pain pas plus..ces normes meme dans les pays les plus développés ne sont pas respectés..ya tout un debat dans ce sens en France, Etats Unis surtout avec l’émergence de l’ia generative et les supercalculateurs quantiques bientot repandus.

Amine L.View Amine L.’s profile (He/Him) • 2nd

👨‍💻☁️ Cloud/Systems Archirect | (ISC)² Member 🇲🇫🇲🇦

Excellente nouvelle, j’espère que Microsoft et AWS feront pareil très prochainement

Pr Mohamed Amine ISSAMIView Pr Mohamed Amine ISSAMI’s profile • 2nd

Directeur chargé du Développement, des Relations Internationales, et de la Communication, Groupe ISCAE

Cela consolidera indubitablement notre souveraineté dans le domaine numérique.

ahmed lahbabiView ahmed lahbabi’s profile • 2nd

Freelancer

Pr Mohamed Amine ISSAMI tout dépend des termes du contrat portant sur la localisation des données. En europe, certains pays ont plutôt opté à deux mesures. Pour les données stratégiques des entreprises nationales, l’hébergement doit être au niveau national ou européen par un opérateur national ou européen. Pour les données de l’Etat ayant trait à la souveraineté, l’hébergeur est un opérateur public national.See translationSee translation of this comment

ISMAIL EL ARABIView ISMAIL EL ARABI’s profile • 2nd

Management digital / Audit énergétique

Amine Ibarki

Ibrahim ZOUINEView Ibrahim ZOUINE’s profile • 2nd

Ingenieur de Construction des projets PV et Eoliens | Gestion de chantiers & travaux

Ghita BEKHICHE

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Investment and Trade Moroccan Delegation in USA

April 24, 2024 Said El Mansour Cherkaoui  7 tags

Moroccan Diaspora Worldwide Network – 4 – 23 – 2024 – Ali MEHREZ • Dear Moroccan Professionals in the Silicon Valley, Looking forward to welcoming you!Venue will be shared shortly.

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Moroccans Meeting in the United States of America

May 14, 2024 Said El Mansour Cherkaoui  6 tags

Said El Mansour Cherkaoui Welcoming His Excellency Si Mohcine Jazouli, the Minister of Investment, Convergence and Evaluation of Public Policies « Thrilled to have convened an inspiring gathering in Silicon

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Meeting with Moroccans in Silicon Valley

May 13, 2024 Said El Mansour Cherkaoui  3 tags

Dr. Said El Mansour Cherkaoui  Road to Morocco and USA Roadshow by Moroccan Officials By Said El Mansour Cherkaoui Ph.D. _ Said Cherkaoui Ph.D.Contact: saidcherkaoui@triconsultingkyoto.com Invest in Morocco: Where Vision

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Moroccan High-Ranking Government Officials Blessing Frisco Bay

May 11, 2024 Said El Mansour Cherkaoui  5 tags

Moroccan Trade Mission in Silicon Valley – California Said El Mansour Cherkaoui Ph.D. ★ Senior Policy and Business Adviser ★ Consultant ★ News Executive Editor ★ Public Speaker ★ Good

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From West North Africa to West North America

May 28, 2024 Said El Mansour Cherkaoui  5 tags

Morocco-United States Relation and American-Moroccan Diaspora M Said El Mansour Cherkaoui Ph.D. – Said Cherkaoui Ph.D. Contact for needs of additional info:– Email: saidcherkaoui@triconsultingkyoto.com MEETING WITH MOROCCANS IN SILICON VALLEY Meeting with Moroccans

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Publications by Said El Mansour Cherkaoui: USA-Morocco

May 28, 2024 Said El Mansour Cherkaoui  6 tags

Par Dr. Said El Mansour Cherkaoui Ph.D. A Toutes et Tous les Membres de Notre DIASPORA OF AFRICAN EXECUTIVES To All Members of Our DIASPORA OF AFRICAN EXECUTIVES Silver Screen

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Said El Mansour Cherkaoui: U.S. and International Reflections on the Kingdom of Morocco

May 27, 2024 Said El Mansour Cherkaoui  8 tags

Said El Mansour Cherkaoui Ph.D.    Said Cherkaoui Ph.D. Sciences Po Grenoble Université Grenoble Alpes – IREP: Institut de Recherches Economiques et de Planification pour le Developpement IHEAL Institute of Latin

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Private: ★ Morocco ★ USA ★ California ★ Relations ★ Said El Mansour Cherkaoui Ph.D.

May 26, 2024 Said El Mansour Cherkaoui  0 tags

DIASPORA OF AFRICAN EXECUTIVES – Said El Mansour Cherkaoui Ph.D. • 1st ★ Morocco ★ USA ★ California ★ Relations ★ Said El Mansour Cherkaoui Ph.D. Said El Mansour Cherkaoui

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Morocco Tech Representatives at Silicon Valley Tech Firms

May 13, 2024 Said El Mansour Cherkaoui  2 tags

Real High-Level Delegation of Moroccan Government Visiting E-Gov and Cloud of Silicon Valley Computing and E-Gov   A high-level Moroccan delegation in a trade mission in the U.S. Ghita Mezzour,

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Said El Mansour Cherkaoui: Mr. International

May 4, 2024 Said El Mansour Cherkaoui  10 tags

Said El Mansour Cherkaoui is a multifaceted individual with a diverse range of interests and accomplishments Dr. Cherkaoui promotes investment in Morocco through several strategic approaches: Business Advocacy and Networking,

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Africana Enterprise Seminars

Africana Enterprise Advanced Education – Entrepreneurial Driven Mind and Action – EDRIMA ©

From the Silicon Valley Entrepreneurial Traditions who have a present sight and perspective focusing on the future, Africana Enterprise Advanced Education – AEAE Providing EDRIMA © believes in the power of education at every level and step of life that creates innovation, technology, and sustainable development as aspects of entrepreneurial progress and growth.

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Whether you’re launching your proper venture or implementing change inside an established organization, Entrepreneurial Driven Mind and Action – EDRIMA © will give you the instruments, the strategies, and the directions to make your horizons brighter and to be able to see clearer beyond the limit of your vision and the distance you need to cross to arrive to your objective: Establishing and Operating your Own Entrepreneurial Entity.

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COACHING WITH A PROVEN FRAMEWORK TO GROW AND SCALE YOUR ENTREPRENEURIAL PROJECT AND OPERATIONS

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Featured Faculty and Trainer

Bernard Karlsen

Professor

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Professor, Graduate School of Business

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Lecturer, Management Science and Engineering

Said El Mansour Cherkaoui

Program Director, Graduate School of Business

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Les Start-ups Africaines Assiste-t-elles à un Dégel des Investissements ?

Email: saidcherkaoui@triconsultingkyoto.com

Au cours des trois derniers mois, les start-ups africaines ont levé près de 600 millions de dollars (environ 537 millions d’euros) et ce troisième trimestre de 2024 marque un record pour l’année en cours.

Un signe et un montant qui s’apparentent à un début de reprise des levées de fonds dans le monde de la tech du continent. Supérieurs de 100 millions de dollars à ceux de la même période l’an dernier, ces chiffres confirment la correction du marché, après les envolées de 2021 et 2022. En tout, ce sont 44 start-ups qui ont levé des sommes égales ou supérieures à 1 million de dollars entre juillet et septembre.

2024, pas une année record. Si ces chiffres sont encourageants, car il montre un début de tendance haussière, ils ne permettront cependant pas de réaliser de progrès notables par rapport à l’année dernière :

Les levées de fonds de 2024 ne vont pas dépasser les 2,9 milliards de dollars de 2023.

Et, donc, de dépasser les très bons chiffres de 2022, qui avait vu les start-ups africaines parvenir à lever 4,6 milliards de dollars. « Pour la première fois depuis la mi-2022, les start-ups ont levé plus de fonds au cours des quatre derniers trimestres qu’au cours de la période précédente. Si la croissance est modeste, on peut espérer qu’elle constitue un premier signe avant-coureur de la croissance future de l’écosystème », précise à JA Max Cuvellier Giacomelli, co-fondateur de la plateforme Africa.

The Big Deal, qui suit les opérations de levées de fonds de potentielles futures licornes africaines.

Startup #Africa #Investissement #Ecosysteme #croissance #Saidelmansourcherkaoui #Triconsultingkyoto #Trickusa

TRI CONSULTING KYOTO – – TRI CK USA CALIFORNIA

611 followers 9mo • Edited • 10 months ago

Case Study of “African” Startup: Jumia is Feedup with Africa Goat Soup Fou Fou Food
Said El Mansour Cherkaoui Ph.D. December 30, 2023

Jumia the Tree with No African Roots that Hides the Jungle of Startups in Africa

JOIN US AT DIASPORA OF AFRICAN EXECUTIVES
https://www.linkedin.com/groups/14248881/

For the last 3 years, we have written about reports stating fraud from the time when it was listed as an entity on the New Times Stock Exchange (NYSE). These among other things were considered false claims and presentations as well as manipulations of the amounts of deliveries, the amount of returns, and the amount of sales even encompassing, Jumia’s daily operations in the streets of the African cities crossed by the motorcycles of independent delivery staff that Jumia called “Consultants.” Jumia has not been able to quell this mismanagement at every level of its own internal and external organizational structure.

Jumia has also presented its identity as an African company which in reality turned out to be a German Baby Trying to look and behave as African. The departure of the top African Leaders and their replacement by European-based leaders had increased the dichotomy existing between the claims and the reality of the leadership as well as the role of Jumia within African communities.

Apparent efforts were made by the Jumia communication Department to bridge the gap by developing actions that were promoted as contributions to the local communities, including the distribution of masks during the Covid-19 and the recent agreement with Star Link to expand the outreach of the internet in rural areas [Jumia: Rural areas a critical segment within our addressable market (CNBC Africa – December 5, 2023)].

Such coverage is not philanthropic given that the next alternative strategy pursued by the new CEO is that one of the targets for the expansion of sales by Jumia. The unserviced rural areas are the next move, the next “El Dorado” and the substitute for the crowded competition existing in the African cities and urban areas. This is the new plan in Nigeria which is considered actually as the prime market for Jumia.

“According to the company, the goal of the cities’ activation is to expand the brand beyond Lagos and ensure it is perceived as a true Nigerian company. […] Read more in this corresponding article:

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Case Study of “African” Startup: Jumia is Feedup with Africa Goat Soup Fou Fou Food
Said El Mansour Cherkaoui Ph.D. December 30, 2023

Jumia Startup Indigestion for Food Delivery

Said Cherkaoui 24 – Jumia the Tree with No African Roots that Hides the Jungle of Startups in Africa For the last 3 years, we have written about reports stating fraud from the time when it was listed as an entity on the New Times Stock Exchange (NYSE). These among other things were considered false claims and presentations as … Continue reading

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Africa Tech Destiny: Safari and Sahara Startups

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Related Vectors of African Startup

Continuously updated with new inputs and trends

For Better or Worse Emergent Technologies Changing Africa!

COVID-19 induced a global e-commerce boom, but Africa accounted for less than 3% of e-commerce activity.