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In a country where an estimated 60% of startups in Accra fail within their first five years, scaling an enterprise is no small feat. Yet, Celia and Peter, the founders of Bonobo Concept Store, have managed to defy the odds and build a flourishing furniture business right here in Ghana.
Over the years, Africa has seen significant growth in its Financial Technology sector. According to 2021 data, there are approximately 573 fintech startups across various African verticals. The rise of fintech can be attributed to relatively affordable smartphone penetration, easy access to the internet, broader network reach, and a youthful, expanding urban population.
Ghana has one of the most sound startup ecosystems in Africa. Ranking 4th in West Africa alone, one key factor contributing to this success is the country's refined entrepreneurial talent. Building Bytes, a startup podcast hosted by software entrepreneurs Caleb Lamptey, founder of Landlord, Poga Kuofie, and Yaw Antwi Owusu, co-founders of Ubadi, is one such space where new and existing talent is recognized and nurtured.
In today’s hyper-documented world, it’s easy to confuse looking like you’re growing with actually growing. The digital age rewards visibility and media-savvy moments. But as I’ve learned, there’s a clear line between the aesthetics of growth and the real, often invisible, work of growth.
You’ve probably seen a YouTuber start their video with something like, “Hey guys, welcome to my channel!” This isn’t just an intro; it’s an invitation to connect.
Elikem is known for designing and tailoring custom outfits, particularly for men, but his collections also include women’s fashion. Elikem’s designs often fuse traditional African styles with modern, trendy aesthetics, making him one of the most popular designers in Ghana’s fashion scene.
I recently came across a vacancy list from a top tech firm in Nigeria that specified recruitment from countries other than where the company was founded. This raises the question: Are African tech talents struggling to meet the quality and speed required to build top-notch products or brands?
Approximately 24.8% of migration from Sub-Saharan Africa is directed towards high-income OECD countries, which includes many first-world nations. This translates to around 440,000 people emigrating from Africa annually, representing about 0.05% of the continent's total population
