Tech The 100 innovative African start-ups
MyAfricanStartup.com published, on April 17, the second edition of its annual list of 100 innovative African start-ups in which to invest.
The initiative aims to increase the visibility of high-potential start-ups with African and international investors, in a context of strong attractiveness of the Tech sector in Africa. According to the recent annual report of the venture capital fund Partech Africa, foreign investment in African start-ups has doubled in 2018 or $ 1.16 billion investment (+ 102% compared to 2017). The IPO of the first “African Unicorn” on April 13th also reflects the progress of the digital ecosystem in Africa.
“Investors need to effectively identify African start-ups to evaluate opportunities. Thanks to this track record, we meet this need and we provide investors with a precise and reliable tool to decrypt the market, understand trends and find future nuggets, “says Christian Kamayou, founder of MyAfricanStartup.com.
To reach this 2019 selection of 100 start-ups, fifteen people from the
MyAfricanStartUp team, the HEC Paris Group and the HEC Junior Conseil
Association were mobilized over an eight-month period to evaluate a
total of 928 young people. shoots according to criteria
based on the knowledge of the market and the proposed offer, the
durability of the business model as well as the ability of the company
to be able to provide solutions to an identified problem.
total, 22 African countries are represented in this 2019 list. Among
them are a Portuguese-speaking country, ten French-speaking countries,
nine English-speaking countries
and three Arabic-speaking countries. The three most emblematic
countries represent nearly 50% of startups in the list.