By Nicolas Friederici on December 22, 2014
Tigo runs the Think incubator in Kigali, Millicom Group and MTN chip in with Rocket Internet’s fund, and Safaricom sets up a fund of its own. Yet, African startup communities are already asking for more, writes Nicolas Friederici.
We all know that early monetization and revenue generation are crucial for digital startups in Africa. Entrepreneurs in pretty much any African city find it impossible to obtain significant scaling capital before they show revenue, as angel investors (if they exist at all) are wary of putting money into tech companies that can only show traction as users, but not as cash flow.
African digital startups — those ventures with a business model that hinges on web or mobile software, content, and applications — almost always rely on mobile [...] Continue reading Let’s work together: Mobile operators and digital startups in Africa »