The Ethiopian Startup Proclamation defines a startup as a tech-based company less than three years old with annual gross revenues below 5 million birr (about $38,000 at today’s exchange rate).
From the outset, Beshara pitched A15 not just as a fund, but as an operator-led, founder-first firm, shaped by his own experience on both sides of the table.
The round is the largest publicly disclosed tech Series A round in the country this year and signals growing local investor appetite for homegrown digital platforms.
Ghana’s innovation economy is facing a busy and bewildering few weeks. Two major deadlines — one regulatory, the other legislative — are fast approaching.
Cameroon now accounts for over 70% of mobile money transactions in Central Africa. According to BEAC, it processed more than €90bn in mobile money transactions in 2022 alone.
As more startups layer financial services onto distribution networks, the message is clear: surviving Africa’s B2B e-commerce crunch may hinge less on moving goods, and more on financing them.
Following the departure of Wasoko founder Daniel Yu as CEO late last year, the combined entity is now aggressively reshuffling its regional leadership...
