Vectors of African Startups

Vectors of African Startups

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

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

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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:


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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Publications by Said El Mansour Cherkaoui on Startups

Bimmer’s are Dot Come, Dot Gone in Late Nineties in their BMW

Return on Investment, Information Technology and Customer Relationship Management – This research and publication were part … Continue reading Bimmer’s are Dot Come, Dot Gone in Late Nineties in their BMW


Startup in Africa

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Why US tech giants need Africa

 Said El Mansour Cherkaoui  June 18, 2023

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Africa Destiny: Tech Tracks and Trends

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World News – Local News builds Tech Knowledge and Digital Know-How The integration of technology… Read More



Africa Destiny: Fintech Infobytes

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Global Fintech Funding and Rounds from Q1 2022 to Q2 2023


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


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Enonchong says African e-commerce is a very difficult and expensive market to get into. While Western e-commerce rests on the assumption that the post office will deliver to all points, that is often not the case in Africa. “You have to build your distribution network.”

Other e-commerce operations have crashed and burned, including:

  • Jumia’s Nigerian rival Konga, which was taken over by Zinox Technologies in 2018 after firing 60% of its staff in 2017;
  • CFAO, the francophone Africa distributor, which suspended its online “Africashop”;
  • Naspers, which has twice withdrawn from the Kenyan market.

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.

Africa accounted for

Are these efforts going to increase the use of Information Communication Technologies and develop broadband penetration in Africa?

  • Will technology increase the divide or help to integrate Africa?
  • What are the Destiny and the Reality of Technology in the Rest of Africa
  • How really and how much the building of such digital infrastructure can augment economic productivity and GDP growth?

French-Speaking Startups in Africa

Here is a sneak peek at l’Afrique Excelle’s “10 most promising francophone African startups” – May 06, 2019

  • Diool (Fintech), Cameroon
  • Eyone (Healthtech), Senegal, Ivory Coast, Mali, Niger
  • Firefly Media (Adtech, Transport), Senegal
  • GiftedMom (Healthtech), Cameroon, Ivory Coast
  • LAfricaMobile (Connectivity, SaaS, API), Senegal, Niger, Mali, Ivory Coast, Guinea, Burkina Faso
  • Paps (Logistics), Senegal, Burkina Faso, Ivory Coast
  • Solaris Offgrid (Fintech, SaaS, Solar), Benin, Burkina Faso, Senegal, Cameroon, Rwanda