Confidence soars in African tech, AI powered spaza shops, and blockchain an unforeseen hero in Ghana?
a QCX Africa publication
Hi QCX People!
We’re spotlighting some transformational and inspirational movements across the continent, and as always providing some tips to take full advantage of them for your activities in Africa!
💡Norrsken22 shows it’s confidence in Africa’s youth - (Disrupt Africa)
Why it actually matters: With the youngest population in the world, Africa’s upcoming digital-first generation is the future! Growing investor confidence in African tech presents a new wave of opportunities for businesses that will contribute to regional growth.
Summary: Norrsken22 recently closed its fund at $205M, attracting support from unicorn founders and institutional investors. Focused on fintech, ed-tech, e-health, and market solutions, it has invested in ventures like Tyme Bank and Smile ID, aiming for sustainable growth in African tech.
Marketing insight: Growing investment in African tech highlights market potential – businesses can leverage trends in fintech, ed-tech, and e-health for strategic expansion into the African market.
✨Lengo AI transforms spaza shops into innovatively marvellous stores - (Ventureburn)
Why it actually matters: Corner shops serve as the backbone of countless communities on the continent. Rules are bending on how we think about and innovate in many diverse African markets.
Summary: Lengo AI, a Senegal-founded company, revolutionises local corner shops by leveraging data to guide inventory, pricing, and connect shopkeepers with suppliers. Their vision extends beyond corner shops, with their aim being to transform various informal sectors across Africa!
Marketing insight: Lengo AI makes it clear that data-driven strategies empower African businesses. Understanding local markets, optimising pricing, and connecting with suppliers are keys to ultimate success.
💥The unexpected upside of Pacminer’s $50M boost - (Tech in Africa)
Why it actually matters: This marks a significant shift from Africa's historical challenges with economic instability and corruption, paving the way for a blockchain-enabled era.
Summary: Pacminer, a blockchain mining platform, announces a $50M joint venture with Ghanaian government agencies and blockchain firms. This investment will optimise mining pools and implement advanced cloud infrastructure, reinforcing Pacminer's commitment to sustainable, efficient, and low-cost mining.
Marketing insight: Blockchain's growth in Africa signals marketing opportunities; businesses may be able to leverage sustainability, efficiency, and economic empowerment trends for strategic positioning.
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Fact: ‘Q’, ‘C’ and ‘X’ are the English denotations for the 3 most common linguistic clicks in African languages. If you can say all three clicks, three times in a row fast, you can legally call yourself African.
