From highlighting some of the unhealthy financial habits that will drive you to poverty to revealing some of the top women entrepreneurs in Kenya; unearthing some of the hottest startups sealing multimillion-dollar deals in the continent and highlighting the key elements that will lead to a building a successful startup, we give a wrap up of some of the hot stories Founder360° covered in 2018.
Kenyan Social Entrepreneur, Wawira Njiru Awarded US$250,000 Global Citizen Prize for Youth Leadership
Wawira Njiru becomes the first-ever recipient of Global Citizen Prize for Youth Leadership, an award that is supported by American multinational technology company, Cisco in partnership with Global Citizen an organization focused on mobilizing 100 million socially-minded advocates who want to end extreme global poverty by 2030.
The year 2018 has been on a high note for the African startup ecosystem with the increase in the number of VC’s, angels, corporates, accelerators, funds, and incubators interested in the African startup space.
24 startups have raised more than US$5 million in venture funding totally US$586 million. In addition, funding activities in the continent are still concentrated majorly across Kenya, Nigeria, and South Africa with Egypt startup scene also rising up.
Unfortunately, not many people are good decision makers when it comes to financial matters. They are in a constant cycle of poverty and their future looks bleak. They often wonder why they are always broke before the month ends despite earning a decent income.
Twiga Foods sources quality produce from thousands of farmers around Kenya, providing them with a ready guaranteed market, and through their mobile-based supply platform, vendors can order fresh and high-quality groceries and vegetables and Twiga reliably deliver to their shops at below market prices.
Heva Fund, the most visible African based fund to invest in the transformative creative economy sector within the East African region announced the signing of a credit investment agreement with French Development Agency (AfD) to advance financial support and technical assistance for the creative industry in Kenya and the wider East African region in a project worth KES 90 Million (US$ 900,000) expected to run till 2022.
Cellulant, the leading digital payment solution headquartered in Kenya with operations across 11 African countries raised $47.5 million (Kshs 4.8B) in its Series C round from TPG’s Rise Fund. The investment described as one the largest of its kind dedicated solely to Africa’s fintech and payments space was led by TPG’s Rise Fund alongside Endeavor Catalyst and Satya Capital.
She Has Launched Successful Community Projects, Now This 23-Year-Old Entrepreneur Shares Lessons Learnt While Building Africa’s Fastest Growing Digital Agency
At only 23 years, June Syowia has achieved a feat not many of her age and background have done. The Economics graduate from the University of Nairobi is not only the CEO and Founder of one of the fastest growing startups in Africa according to Global African Business Awards 2018, but she was also recently listed on Forbes 30 Under 30 2018 edition.
From beauty, Fintech, social enterprises and even human resource, these eleven young and intelligent women entrepreneurs have defied the norm to become the ultimate inspiration for business in Kenya and Africa as a whole.
According to This TED Talk, Here are 5 Key Essentials For Startup Success Every Entrepreneur Must Know
What are the key ingredients that contribute to startups success? Is it grit or is it the idea? What about the market? Or the more conventional reason, more funding?
As an entrepreneur, reading should be one of the self-improvement strategies anyone who has a knack for success in 2018 should have. Warren Buffet was once asked what the key to success is; he pointed to a stack and books and said that he reads 500 pages of books every day and allocates 80% of his daily time in reading books.
How this 28-Year Old Entrepreneur is Using Urban Waste to Bring Affordable Clean Energy to Low-Income Homes in Africa
“Our charcoal is smokeless, odourless, affordable and longlasting. These saves our users both precious time and money. The most important impact of our product is that it is reducing smoke pollution in homes, thereby decreasing smoke-related diseases in families.”
You can leverage your skills and passions to develop these ideas into great businesses and the best thing about them is that anyone can start them from anywhere.
JUMO has more than 9 million people have saved or borrowed on the JUMO platform, with nearly 70% of these being micro and small business owners processing over USD$700 million in loans on its platform and managing over 25 million customer interactions per month.
A new breed of startups are using advanced technology to provide crucial data on weather, soil, land, tools, markets etc., they deliver these solutions at affordable costs to small-scale farmers.