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Around this time in 2013, DoorDash, a San Francisco-based food delivery startup got into the Y Combinator summer batch. Five years down the line, DoorDash raised $535 million Series D at a $1.4 billion valuation, becoming a unicorn.
Instead of shunning the adoption of AI, journalists and media professionals have been charged by digital experts to leverage the technology for efficiency in the newsroom.
African tech startups can leverage global hubs like California, Delaware, Singapore, and more to access favorable policies, funding, and diverse markets.
Despite facing systemic challenges, African startups are capable of providing personalised learning, remote education, and teacher support powered by AI.
Today, billions of people are subjected to internet restrictions, which continue to increase at an alarming rate.
Kenya leads the way in payment automation, with 83.4% of Kenyans stating that their payment system was either semi-automated or fully automated, compared to Nigeria (79.9%), South Africa (71.69%) and Ghana (67.23%).
Metrics empower investors to identify African startups with growth potential. Understanding them is vital for securing venture capital funding in 2023
In 2023, a staggering 98% of remote workers express a preference for lifelong remote work, citing flexibility as a primary advantage. However, this work arrangement presents challenges, notably isolation and work-life balance issues..
Despite Africa's slow progress in building the 5G network infrastructure, interest in joining the next stage of the internet revolution is still high.
By 2024, African gaming is projected to be worth about $1 billion, according to data from research firm Newzoo. In 2022, games sold in the region generated $862.8 million in revenue, up 8.7% YoY.
Among the countries that embraced debt financing, Kenya stood out as the clear leader, raising an impressive $608 million.
VC investments in African tech dropped by 48% in the first half of 2023, we talk to Victor Asemota, an African tech entrepreneur on how this is affecting the ecosystem.
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