WeeTracker

19/09/2024

We’re excited to welcome over 30,000 readers to the Weetracker newsletter family! 🥳

We know some of you love getting info straight on social media platforms, so we’ve made it easy!

Introducing The African Context, our LinkedIn-exclusive newsletter!

https://bit.ly/4gvGZRl

18/09/2024

[DealStreet] The 2024 GoGettaz Agripreneur Prize has awarded $166K to young African entrepreneurs innovating in the agribusiness space. The winners were recognized for their contributions to food security and sustainable agriculture.

https://weetracker.com/2024/09/18/2024-gogettaz-agripreneur-prize-winners-receive-usd-166-k/

This year, GoGettaz expanded its reach, focusing on underrepresented Francophone regions and encouraging innovations addressing climate

18/09/2024

[DealStreet] South African FinTech startup Happy Pay has secured pre-seed funding to advance its financial services platform. The funding will help Happy Pay expand its offerings and improve financial inclusion and accessibility.

https://weetracker.com/2024/09/18/south-africa-fintech-happy-pay-pre-seed-funding/

Happy Pay provides a solution that integrates directly with merchants, taking advantage of their existing distribution

03/05/2024

Kenya Leads the Way in Climate Action. Explore how Kenya is leveraging carbon credits to combat climate change and promote sustainable development. Read more in the latest article.

The dynamics of carbon credits, their impact on climate change mitigation, and the role of Kenya in the global carbon market. Discover

03/05/2024

Wave Shines in YC's Top Companies List 2024! For the second consecutive year, mobile money startup Wave emerges as the lone African representative among the top-earning companies. Congratulations to Wave for this remarkable achievement!

https://weetracker.com/2024/05/01/wave-yc-top-companies-list-2024/

For the second consecutive year, mobile money startup Wave emerges as the lone African representative among YC's top-earning companies.

02/05/2024

Chowdeck Expansion Gets Funding Boost! Discover how Chowdeck, the food delivery startup, is scaling its operations with a recent funding injection.

Read more in our latest article.

Nigeria's food delivery upstart Chowdeck is doubling down on its efforts to disrupt the industry, even as larger rivals scale back or quit.

12/04/2024

Topic Preview: WT X AFEX Masterclass 🚀

Startups can build a strong brand identity by delivering exceptional customer experiences, engaging with their audience through multiple channels, including social media, and producing valuable content demonstrating their expertise and values.

By consistently fulfilling their brand promises and genuinely interacting with their audience, startups can earn the trust, loyalty, and relevance of their customers, distinguishing themselves in a highly competitive market.

Join Valentine Kainyu of Jumia Kenya who will take a masterclass session on how to build your brand and become relevant for your customers.

https://weetracker.com/2024/04/08/meet-the-experts-wt-x-afex-masterclass-nairobi/

12/04/2024

Topic preview: WT X AFEX Masterclass 🚀

Securing funds can often be a major challenge for startups in their initial stages who wish to expand their operations and introduce their products or services to the market. To attract investors, startups should develop a robust fundraising strategy that is in line with their business objectives and growth plans. Crowdfunding, angel investment, venture capital, and government grants are some of the potential funding sources that startups can consider. Which one should you opt?

Learn from Launch Africa Ventures Michael Mutie who leads a masterclass session on fundraising strategies for early-stage startups in Kenya. 📈 💰

https://weetracker.com/2024/04/08/meet-the-experts-wt-x-afex-masterclass-nairobi/

12/04/2024

Topic preview: WT X AFEX Masterclass 🚀

Businesses use multiple methods to attract and convert potential customers into paying clients. It's crucial to understand the target audience and modify the approach to reach and engage them effectively. Businesses can promote growth and establish a thriving customer base by consistently improving and optimizing their sales funnel for acquiring customers. 📈

Join Samar Patel from Badili.Africa to learn the best strategies for customer acquisition in the Kenyan market. ✅

https://weetracker.com/2024/04/08/meet-the-experts-wt-x-afex-masterclass-nairobi/

02/04/2024

We are excited to announce our partnership with AFEX to launch Masterclass sessions for early-stage African companies.

Join us in Nairobi for the inaugural session where startups can learn from experienced founders, investors, and tech builders. Limited seats available for early-stage startups at no cost!

Know more about the initiative here👇
https://weetracker.com/2024/04/02/weetracker-afex-announce-masterclass-african-startups/

Book your seat here: https://bit.ly/3VCjQF3

26/01/2024

💸🌍 African Startups' Funding Landscape in 2023 🌍💸📉

In the face of global economic fluctuations, African innovation continues to push through. In 2023, the continent's startups have secured a considerable USD 1.98 B across 397 deals! This is a testament to the unyielding spirit of African entrepreneurs, even as the figures show a 47% decrease in funding and a 27% drop in deal numbers from the year before.

Despite nearing the two billion mark, the ecosystem has not been immune to challenges, with a notable number of company shutdowns. Fortunately, few of these can be ascribed directly to funding shortages. Rather, the tightening of venture capital is a marker of increased scrutiny and selectiveness within the sphere.

Fintech continues to shine as a beacon of hope and resilience, claiming a staggering 60% of the total funding at USD 1.16 B over 105 deals. Although this represents a 30% dip from last year’s investments in the sector, investor confidence remains robust. This sentiment is buoyed by the promising scalability, transparency, and exit potential inherent in fintech ventures.

The figures reveal