Somaliland-based Gulivery provides third-party delivery service for restaurants, grocers, shops and e-commerce companies. As of now, the service is available to request on-demand or scheduled delivery both in Hargeisa and Mogadishu. The founders, Deeq Mohamd Hassan and Sado Milgo Baroot, a husband-and-wife team, told How we made it in Africa how…
Andrew Lapping: Investing in Africa – does the value outweigh the risks?
Andrew Lapping After a strong 2017, African stock markets continued the trend, making a decent start to the year. The Egyptian Exchange was up 15% in the first quarter, while the Nigerian and Moroccan Exchanges made somewhat more modest gains of 7% and 5% respectively. No doubt there is less…
Profit-making idea: Tapping into Kenya’s affordable housing market
Profit-making idea is a series of short posts, each with a piece of information that we think you might find useful: for investment, for growing your company or to start a new business. Read our previous posts here. In a recent interview, we asked Ivan Mbowa, co-founder and CEO of Umati Capital,…
Meet Tope Ogunsemo, the Nigerian entrepreneur who runs a $3m edtech startup
Tope Ogunsemo 33-year-old Nigerian entrepreneur, Temitope Ogunsemo is the founder of Krystal Digital, an educational technology company that develops and deploys customised and service oriented software applications as well as IT training for educational institutions in Nigeria. With annual revenue of more than US$3m and over 150 employees, Krystal Digital’s…
The journey so far: Eunice Thirikwa Wafula, CEO, Talinda East Africa
Eunice Thirikwa Wafula Eunice Thirikwa Wafula is CEO and co-founder of Talinda East Africa, a Kenya-based IT company offering wifi networking and advanced telephony systems to businesses, high-end hotels and education institutes. 1. Tell us about one of the toughest situations you’ve found yourself in as a business owner. After…
Startup snapshot: Angolan payments company getting in early ahead of the big banks
UseKamba, or Kamba for short, is an Angola-based fintech startup. Its mobile wallet application allows users to transfer funds between each other, buy airtime and pay bills. “The main reason behind the existence of Kamba is the need to revolutionise, boost, democratise and innovate financial and payment services in the…
Profit-making idea: Fill the gap that is Africa’s venture debt market
Profit-making idea is a series of short posts, each with a piece of information that we think you might find useful: for investment, for growing your company or to start a new business. Read our previous posts here. In a past interview, we asked Lexi Novitske, the principal investment officer for Singularity Investments,…
Expat packages in Africa no longer what they used to be
Despite the war for senior leadership talent on the African continent, the approach of luring top international executives with major perks in addition to their remuneration packages is in rapid decline, an expert says. “We are definitely seeing major growth in the number of global investors seeking to advance their…
Talking business with the ‘overachiever’ behind Cameroon’s locally-made drone
William Elong The news wasn’t big enough to excite international media, but it was an exciting development this year in Cameroon when Will&Brothers, a local engineering and consulting company, unveiled the first-ever drone made in Cameroon. “It’s the pride of the country,” exclaimed Ms Minette Libom Li Likeng, the country’s…
How companies are playing in the changing technology landscape
Delivered by DHL At the beginning of February, Apple announced record revenue of US$88.3bn and net income of $20.1bn for the final quarter of 2017. Operating profit at the US giant’s Korean rival Samsung was $14.1bn for the same period, up 64% from the previous year. The big internet companies are…