By Temitayo Jaiyeola
The slowdown in funding into the African startup space led to the layoff of over 2,500 employees in 2023, Briter Bridges has disclosed.
In the report titled ‘Africa 2023 Investment Report: Crisis or adjustment?’, the data intelligence firm argued that despite the slowdown in funding, the continent’s tech ecosystem was undergoing a reconfiguration rather than a crisis.
It said, “We may be observing a process of reconfiguration or adjustment, which comes as a consequence of the two cash-abundant years that followed Covid-19, during which valuations skyrocketed and the high liquidity emant that investors had to compete for ever more expensive deals.
“This process arguably created a generation of overpriced businesses which struggled to find an equally bullish investor market as soon as the tide turned and capital became less available and more expensive. The result? Many stagnated or were forced to downsize or shut down.”
Last year, the number of startups that shut down or reduced their growth trajectory increased due to a contraction in investment volumes, further stated.
The startups included Twiga Foods, Copia, Cellulant, Jumia, Wave, Marketforce, and Renmoney.
Other startups that shut down in 2023 included Okadabooks, Vibra, Pivo, Lazerpay, 54gene, Hytch, among others.
Also, dozens of firms either declared bankruptcy or sought asset sale to other startups, the data intelligence firm noted. In 2023, startups on the continent raised $4bn, 23.08 per cent lower than the $5.2bn they raised in 2022, Briter Bridges revealed.
There were 1,080 plus funding deals in 2023, an 11 per cent increase from the 975 there were in 2022.
The firm stated that deal activity in 2023 remained stable and well above pre-Covid volumes, with the majority of disclosed investments happening at the pre-seed, accelerator, and early stage.
It noted, “This was influenced by the rise of several new vehicles. Both international accelerators such as Techstars and 500 Global and Africa-focused Founders Factory Africa and Flat6Labs remained active with fresh capital raised to fund large cohorts.”
Overseas funding remained crucial to startups, especially those in their late stage. Nigeria was not the major destination for startup funding in 2023. Kenya was the hotspot for funding, attracting $806m, followed by Egypt ($675m), Nigeria ($575m), and South Africa ($565m).
Nigeria continues to be the leader in terms of total funding raised since 2014 though. The firm revealed that Nigerian startups had raised over $6bn between 2014 and 2023.
Kenyan startups have raised over $5bn, Egyptian startups have done over $2bn, and Rwandan startups have raised over $800m.
The PUNCH had reported that debt financing played a crucial role in 2023.
“Debt financing has begun adopted by investors as one of the go-to instruments to fund companies that present proven business models and the ability to repay their debt through revenues,” Briter Bridges said.
Commenting on sectoral diversification of funding, the firm highlighted that while fintech captured about 25 per cent of deals, others such as health and biotech, climate and cleantech, and logistics are also on the ascendency.
Generally, 2023 was a relatively bad year for startups. In its funding analysis, Africa: The Big Deal, a data insight firm that tracks startup funding of 100k and above, disclosed that funding into Africa declined by 39 per cent to $2.9bn in 2023.
Source: The Punch
reputable indian pharmacies https://indiaph24.store/# indian pharmacies safe
buy medicines online in india
http://finasteride.store/# buying generic propecia tablets
https://finasteride.store/# cost generic propecia price
http://finasteride.store/# cost of propecia price
https://finasteride.store/# get generic propecia pills
https://lisinopril.network/# lisinopril 40 mg tablets
https://cialist.pro/# Generic Cialis price
http://levitrav.store/# Cheap Levitra online
http://cenforce.pro/# Purchase Cenforce Online
mail order pharmacy india: buy medicines online in india – Online medicine order
п»їlegitimate online pharmacies india: india online pharmacy – indianpharmacy com
https://pharmnoprescription.icu/# canada prescription
online doxycycline: buy doxycycline without prescription – order doxycycline online
neurontin 100mg cost: neurontin tablets 300mg – buy neurontin 300 mg
buy zithromax without prescription online: zithromax for sale online – how to buy zithromax online
generic zithromax 500mg: zithromax generic price – zithromax
zithromax 250mg: where can you buy zithromax – zithromax 250
order amoxicillin online: amoxicillin 500 mg brand name – order amoxicillin online uk
can you purchase amoxicillin online: amoxicillin tablet 500mg – amoxicillin 500 coupon
medicine in mexico pharmacies: buying prescription drugs in mexico online – п»їbest mexican online pharmacies
mexico pharmacies prescription drugs: mexican pharmaceuticals online – mexico drug stores pharmacies
https://mexicanpharmacy1st.shop/# п»їbest mexican online pharmacies
buying from online mexican pharmacy: mexican mail order pharmacies – purple pharmacy mexico price list
https://mexicanpharmacy1st.com/# mexican pharmacy
reputable mexican pharmacies online: mexican rx online – reputable mexican pharmacies online
mexican mail order pharmacies: mexican border pharmacies shipping to usa – buying prescription drugs in mexico online
https://mexicanpharmacy1st.online/# reputable mexican pharmacies online
best online pharmacies in mexico: best online pharmacies in mexico – mexican border pharmacies shipping to usa
http://lisinopril.club/# order lisinopril online us
http://clomiphene.shop/# can i buy cheap clomid without dr prescription
buy cytotec pills: buy cytotec over the counter – buy cytotec in usa
neurontin tablets 300mg: neurontin rx – neurontin tablets
https://36and6health.com/# prescription drugs from canada
cheapest pharmacy canada: cheapestcanada.com – canadapharmacyonline com
how to buy prescriptions from canada safely cheapest & fast pharmacy medications online without prescriptions
online pharmacy non prescription drugs 36 & 6 health cheapest pharmacy for prescriptions
non prescription online pharmacy india: cheapest & fast pharmacy – buying prescription drugs online canada
mexico prescription drugs online cheapest & fast pharmacy online pharmacy without prescription
reputable canadian online pharmacy: cheapest canada – online canadian pharmacy
Farmacia online miglior prezzo: Farmacia online piГ№ conveniente – farmacia online
farmacia online barcelona: farmacias online seguras en espaГ±a – farmacia en casa online descuento
vente de mГ©dicament en ligne: pharmacie en ligne france livraison internationale – pharmacies en ligne certifiГ©es
Achat mГ©dicament en ligne fiable: pharmacie en ligne – pharmacie en ligne livraison europe
https://eufarmaciaonline.com/# farmacia online envГo gratis
п»їshop apotheke gutschein: apotheke online – apotheke online
medikament ohne rezept notfall: internet apotheke – online apotheke gГјnstig
pharmacie en ligne pas cher: pharmacie en ligne pas cher – Achat mГ©dicament en ligne fiable
SildГ©nafil 100mg pharmacie en ligne: viagra en ligne – Viagra homme prix en pharmacie sans ordonnance
pharmacies en ligne certifiГ©es achat kamagra pharmacie en ligne avec ordonnance
Hello.
This post was created with XRumer 23 StrongAI.
Good luck 🙂
Achat mГ©dicament en ligne fiable: Levitra pharmacie en ligne – pharmacie en ligne france fiable
Hello!
This post was created with XRumer 23 StrongAI.
Good luck 🙂
pharmacie en ligne pas cher: levitra generique prix en pharmacie – п»їpharmacie en ligne france
pharmacies en ligne certifiГ©es: kamagra oral jelly – pharmacie en ligne france livraison internationale
Pharmacie sans ordonnance: pharmacies en ligne certifiГ©es – pharmacie en ligne france livraison internationale
Acheter viagra en ligne livraison 24h: Viagra pas cher inde – SildГ©nafil 100 mg sans ordonnance
trouver un mГ©dicament en pharmacie: Levitra acheter – pharmacie en ligne france fiable
acheter mГ©dicament en ligne sans ordonnance: pharmacie en ligne sans ordonnance – pharmacie en ligne france livraison internationale
pharmacie en ligne france livraison belgique: Acheter Cialis 20 mg pas cher – pharmacie en ligne france pas cher
pharmacie en ligne livraison europe: kamagra en ligne – pharmacie en ligne avec ordonnance
Viagra homme prix en pharmacie sans ordonnance: viagra sans ordonnance – Viagra sans ordonnance pharmacie France
9 *Any paid Nintendo Switch Online membership required to purchase controller. Limit four per Nintendo Account. Offer not available for free trial holders. Controller ships to the U.S. and Canada only. This controller is optional and not required to play the Sega Genesis – Nintendo Switch Online collection of games. Nintendo Switch Online – Expansion Pack membership required to play Sega Genesis – Nintendo Switch Online collection of games. Visit nintendo switch online-service for more information on Nintendo Switch Online – Expansion Pack as it becomes available. If you can add an extra page of “best” titles for Genesis (and there’s a handful of those in your list that I personally consider pretty average), you almost certainly could have managed to find three pages worth of great games for Super NES Super Famicom too. I mean, there’s roughly 1757 Super NES Super Famicom games, which is more than twice as many as the roughly 878 Genesis Mega Drive games in total, that’s a huge difference, so it would be very strange to imagine there’s actually less gems in a catalogue that has the amount of games of the other console plus the same again.
https://itxoft.com/growing-sites-1125/
You are using an out of date browser. It may not display this or other websites correctly.You should upgrade or use an alternative browser. I’m not sure what it is about these games that makes them so addictive to me. It’s not like these are tasks I enjoy in real life — I worked some retail both in high school and after college, and while I do think I was pretty efficient at stocking shelves and ringing customers up, it’s certainly not something I did for the sheer fun of it. (Really, it was the employee discounts.) Yet when I come across a game like this, I find that it eats up hours of my time when I should be getting things done — somewhat ironic, given the subject matter. Time Management games offer a unique blend of strategic decision-making and time-based challenges that cater to players who enjoy planning ahead and efficiently managing their actions within limited timeframes.
Most casinos will require one successful deposit before cashing out. If you are depositing solely for the purpose of cashing out winnings, make sure you do not accept any bonuses on your deposit. When it comes to banking, Silver Oak Casino offers a variety of safe and convenient options to suit every player’s needs. From credit and debit cards to e-wallets and bank transfers, depositing and withdrawing funds is quick and easy. Plus, with state-of-the-art encryption technology in place, you can rest assured that your financial transactions are secure at all times. Enter the realm of Silver Oak Casino no deposit bonus codes, a gateway to unparalleled gaming adventures. Discover how to claim yours today and embark on a risk-free gaming escapade that awaits you. New players at Silver Oak Casino are in for a treat with the exclusive $100 no deposit bonus offer. Simply sign up for an account, enter the corresponding bonus code, and you’ll receive $100 in free chips to use on a variety of exciting games. Whether you’re a fan of slots, table games, or specialty titles, the possibilities are endless with this generous bonus offer. Best of all, you can win real money without having to make a deposit, giving you the chance to experience the thrill of winning without any risk.
http://www.okaywan.com/home.php?mod=space&uid=506730
May 14-16, 2024: Cage Conference + Connect User Conference, Gila River Resorts & Casinos Learn about new technologies that enhance profitability and network with industry leaders who have proven success in Cage, Revenue and Player Services. For more information visit skiild cage-conference . Coushatta Casino Resort in Kinder, Louisiana named Todd Stewart (l.) as the property’s general manager. He has served as interim GM since June 2021 and originally joined Coushatta as chief financial officer in 2020. The Coushatta Casino Resort has aimed to treat their employees well and satisfied with their workplace. For the guests the casino has strived to provide year round entertainment, concerts, and festivals. The golf course is open to the public for anyone that wants to play. These are some of the reasons why the Coushatta Casino Resort was awarded the title Best Local Casino for 2018.
The UEFA Nations League has a unique format. Teams are promoted and relegated based on their performance. Winning a group in League A guarantees a spot in the UEFA Nations League Finals. Additionally, the competition offers a potential route to qualify for the European Championship for teams that haven’t secured their spot through the traditional qualifiers. In Leagues A and B, the last-place team in each group is automatically relegated down a tier, while the bottom teams in League C will compete in a relegation playoff, with two of the four nations dropping down to the lowest league (League D). Other 2022-2023 Leagues The teams in UEFA Nations League are placed in 4 groups. Keep up with breaking UEFA Nations League news, transfer headlines and follow the top football players today. A new edition of the UEFA Nations League kicked off in June 2022 with a champion set to be crowned in 2023, as well as 10 promotion and 10 relegation spots to be determined. Reigning champions France will relinquish their title after suffering early elimination, while the other European powers will be vying for a chance to succeed Les Bleus.
https://hectortsnh940627.blogpostie.com/50020778/article-under-review
SuperSport United equalised in the 61st minute through Gape Moralo, who netted his first goal of the season. ADDS Kabylie, Kara scorers The below table features all teams to qualify for the CAF Champions League, with many already eliminated in qualifying. They are listed in order of each nation’s standing in the CAF association rankings, which determines how many clubs from each league qualify for the competition. The top 12 nations receive two qualifying places, while the rest receive one. Tshegofatso Mabasa emerged as the standout performer for Pirates, scoring just before the half-time whistle. SuperSport United missed out on qualifying for the CAF Confederation Cup next season, as they finished the campaign in sixth place. The CAF Women’s Champions League usually starts in November and ends in November.
DOI: 10.36630 jasft To be honest, the answer is no. The impact factor is one of the many elements that determine the quality of a journal. Few of these factors include review board, rejection rates, frequency of inclusion in indexes, and Eigenfactor. You need to assess all these factors before you make your final call. Research Article Turkish Journal of Agriculture – Food Science and Technology (TURJAF) offers authors; •monthly publishing •full text of papers available free on-line (open access) •fast publication times: your paper will appear online as soon as it is ready. Copyright © 2019-2023, openacessjournal Some of the prettiest plants in your neighborhood are invasive species. For National Wildlife Day, visit invasivespeciesinfo.gov to learn about invasive plants, how they affect native plants and wildlife, and what you can do about them.
https://rowanotuw853653.spintheblog.com/28014039/be-b-tech-computer-science-engineering
To combat this, government and charitable initiatives have been launched to increase the number of young women studying STEM degrees and going on to work in STEM-related fields. Girls Who Code, Engineer Girl, Kode With Klossy and many other organizations have been established to encourage female participation in STEM subjects, with internships and other work placements often made available specifically for young women. In order for our country to prepare students to compete globally, we must provide a rigorous, college preparatory environment that recognizes students as unique individuals who have purpose and passions. For the economic health of Memphis as a whole as well as Memphis’ transportation sector, it is imperative that Memphis-Shelby County Schools and other stakeholders in the Memphis area work together to grow the area’s STEM workforce.
Research conducted by Capital showed that the value of BTC has enjoyed a bull market lasting between 12 and 15 months after each halving event occurred. The past three halving events that took place in 2012, 2016, and 2020 saw the BTC price surge by 9,915%, 2,949%, and 665% respectively.The next Bitcoin halving event is said to take place on April 2024.Halvings tend to create buzz and excitement in crypto circles, but do they necessarily mean that bitcoin’s future price will rally? Cathie Wood of ARK Investment Management sees the ongoing meltdown in cryptocurrencies such as Bitcoin as an opportunity. She said her investment firm was sticking to its long-term target of $500,000 on Bitcoin. However, some cryptowatchers predict more losses ahead. When I say Bitcoin, I only have the true, original Bitcoin in mind: Bitcoin Satoshi Vision (BSV). I specifically exclude BTC and BCH. I only refer to BSV because it is the same Bitcoin that was described in the original Bitcoin white paper and the only implementation of Bitcoin that uses the original Bitcoin protocol—the one designed to be a global electronic cash system.
https://files.fm/laudingzehnkind1986/info
Insurance: Typically, cash holdings are FDIC insured in custodial accounts, but that doesn’t cover crypto—which doesn’t mean that there aren’t ways for exchanges to acquire insurance for cryptocurrency holdings. Some take out private insurance policies, others set aside funds to reimburse customers in the case of loss by theft. Whether using Coinbase or Coinbase Pro, buying Dogecoin is quick and easy. Simply follow the steps above to purchase your own holding of Dogecoin and move forward in your crypto trading journey. He mentioned this while speaking at Fintech Week in London. According to Armstrong, the regulatory environment in the US remains unclear at the moment, and this is affecting the crypto ecosystem there. Your exchange can hold your DOGE in a custodial wallet, although many DOGE investors choose to use a self-custody wallet, like those mentioned in Step 1 above.
Jedną z kluczowych atrakcji ruletki jest szeroki wachlarz dostępnych opcji obstawiania. Wspomniane zakłady oferują różna szanse na wygraną i różne wskaźniki wypłat. Zatem im bardziej ryzykowny zakład wniesiesz, tym większa będzie ewentualna wygrana. Odwołujący się do realiów II wojny światowej Miś Wojtek ukazuje dzieje Polaków wywiezionych z terenów okupowanych przez Związek Sowiecki i ich długą wędrówkę z Rosji, przez Iran, Palestynę, Egipt i Włochy aż do Szkocji. Proste zasady powinny przypaść do gustu fanom „Oczka”, ruletki czy jednorękiego bandyty. Interakcja jest niewielka i niezależna od graczy. „Kieszonkowe Kasyno” to losowa, ale przyjemna gra kościana, w którą zagramy zarówno na imprezie, czy też w domu, pociągu jak i na wakacjach.
http://ckan.egc.ufsc.br/user/rincongsuppkis1972
Poker jest jedną z tych gier, przy których muszę się skupić, aby wygrać. Gra nie jest łatwa, ale za to jest bardzo satysfakcjonująca i kiedy wygrywam, to wiem, że dałam z siebie wszystko. Polecam grę w pokera trochę bardziej doświadczonym graczom – nie żałuj swojego czasu na darmowe gry, ponieważ akurat na pokera się opłaca. В тренде APKCombo Szukasz czegoś innego? Na EnergyWin możesz zagrać w setki cieszących się olbrzymią popularnością automatów kasynowych online od najlepszych dostawców z całego świata. Są wśród nich sloty Megaways™, automaty jackpot (w tym również daily jackpot!) i najnowsze wydania gier. Możesz też rozegrać parę partii w prawdziwe klasyki, takie jak Bonanza, Reactoonz, Immortal Romance™, Book of Dead, Starburst™, The Dog House Megaways™ czy którąś z wielu innych genialnych gier.
PS5 XBX S Tournament PokerAtlas covers every poker tournament in North America. Enter your city and state or ZIP to find local poker information. At the moment the BetOnline weekly flagship event has a guarantee of just $25,000. This does go up to $150k approximately once every month (usually on the last Sunday of the month) as part of a special promotion. BetOnline also recently introduced knockout bounty tournaments each day, these are entertaining (though lower buy-in) alternatives to the regular games.While it does not seem that the recent increase in players at Bet Online has fed through to an improved tournament schedule – there are still some good reasons to play here. The main one is that the fields are very soft, with a lot of players crossing over from the huge sportsbook part of the site.
https://devinzccd974185.fare-blog.com/28772859/info-poker-online
The world of online gambling has experienced exponential growth over the past decade. With the convenience of playing from home, a wide variety of games, and the allure of big wins, it’s no surprise that online casinos have become a popular pastime for many. One of the most attractive features that these platforms offer is the no deposit bonus. But what exactly is a no deposit bonus, and why should you consider playing at a no deposit bonus casino? At the top of this page, you can find the newest available no deposit bonus offers from both new and established online casinos. Below, you can learn everything you need to know about new no deposit casino bonus offers. With a free spins bonus, you get to spin the reels in slot games a given number of times for free. Playing slots with a free spins bonus gives you the chance to win real money prizes without risking your own hard-earned cash. With a free spins deposit bonus, you need to make a deposit to your account to activate the free spins bonus.