On February 20, Samsung will launch the latest version of its flagship smartphone, the Galaxy S10, to the world. You can count that the price will move north in the spirit of making more money per unit sold. Yet, despite…
I did not see this before posting my piece on ecommerce earlier today where I recommended avoiding ecommerce venture in Africa (except South Africa) yet. Gloo, one of the “most successful”, and well known ecommerce companies in Nigeria is shutting…
Nigerian Government launches a satellite TV initiative supported by the Government of China. Our government has selected 1,000 villages to test-run the service which will carry 30 digital channels. If these channels have European football via Chinese licensing rights, through…
I just spoke with BuzzFeed on ecommerce in Africa. My thesis remains that we are not close to the inflexion point where ecommerce becomes a profitable venture. Unless you can sustain losses as Amazon did for a decade, do not…
This is an update to an earlier post on startup funding in Africa. This particular note puts the numbers in context across years. Ecommerce is fading while fintech is the bull. According to numbers compiled in WeeTracker’s Venture Investments Report…
