If you want to finally read about a concrete use of cryptocurrencies.

To better understand why Golix, one of the main African crypto platform has a significant importance in Zimbabwe, it is key to understand Zimbabwe’s currency crisis. We have written a detailed and thorough explanation of its causes and consequences here.

This past summer, while in Zimbabwe, I had a meeting on the 17th floor of Joina City in Harare, the 4th tallest building of Zimbabwe, with Verengai Mabika, Co-Founder of Golix. In December 2014, along with Tawanda Kembo, he founded Golix, a cryptocurrency platform. This was well before…


Introduction

Many Sub-Saharan African countries, are gaining the attention of private equity investors. Why? The Boston Consulting Group identifies five factors pointing to a bright future for the private equity industry in Africa: a market still unpenetrated, long-term macroeconomic growth potential, large and increasing number of target companies, an improving investment environment (better public governance, local legal and financial intermediaries increasingly experienced in the field of private equity), lack of alternative financing due to small public equity and debt markets.

Beyond these favorable macro tendencies, we have observed a few trends along the financing life cycle of a young company…


The World Bank estimates that only 42.8% of Sub-Saharan Africa had access to electricity in 2016. This is to be compared to a 85.6% access rate to electricity in South Asia and 98%+ access rates in most of the rest of the world. In remote areas, the national grid is often unreliable and costly to be deployed. The easy and affordable solution for those many households is off-grid energy.

World map by night, Africa mainly in the dark — Courtesy of Nightearth.com

Take Kenya, a country almost divided in half by the Equator line, where you only get daylight from 6AM to 6PM. Before and after that, people need to rely on fire…


The lack of funding for Zimbabwean companies is highly intertwined with the complicated monetary crisis faced by the country. Let’s first understand what is happening and how the situation got as is from a historical and economical background.

The Zimbabwean Monetary Crisis

The Origins

In 1997, Zimbabwe got involved in the DRC conflict to prop up the fragile Kabila’s government. This resulted in 12,000 soldiers on the ground for a cost estimated at one million US dollars per day. This war siphoned a significant amount of Zimbabwe’s foreign currency reserves. …


Alors que les compagnies occidentales (hello Amazon et Google) cherchent à développer au plus vite des drones pour améliorer leurs réseaux logistiques, c’est déjà une réalité en Afrique.

Un drone Zipline au Rwanda – @World Bank Flickr

Le Drone Readiness Index, analysant les pays les plus enclins à l’usage des drones, place les pays africains en tête de son classement.

En effet, de nombreux pays Africains font face à des défis logistiques importants. Le réseau d’infrastructure est encore peu développé et peu fiable. Ces difficultés sont renforcées par la géographie locale peu clémente: des grands lacs et des îles. Ainsi, la Banque Mondiale estime que l’Afrique doit dépenser $38…


While western companies (hello Google and Amazon) are struggling to improve their logistics networks with the use of drones, many East African countries have already passed the experimental phase.

African countries make it to the top of the Drone Readiness Index, which ranks the readiness of countries to the use of drones for both private and public purposes.

A Zipline drone — World Bank on Flickr

Numerous African countries face significant logistical challenges. The infrastructure network is still weak and unreliable. Local geography, with large lakes and islands, is also tough. The World Bank estimates that Africa must spend an additional $38 billion each year for transport infrastructure…


The situation: social security spending and financial exclusion

In Africa, most countries do not have strong social protection systems, if any at all. According to the International Labour Organization (ILO):

Africa is the continent where the greatest proportion of the population does not have access to adequate health care and where the incidence of infant mortality is highest. These are only some of the social risks and adversities being faced in day to day life, but Africa is also the continent where the coverage of social security is at its lowest.

ILO adds that, in Kenya and Senegal, 45% of total health expenditures are accounted by households rather…


Charcoal?

For those of you who don’t exactly know how charcoal is created, the anti-poverty group Global Citizen explains it well: “Charcoal is made from wood. Standard wood is burned in a low oxygen environment. The burning process removes water, methane, hydrogen, and tar from the wood. The result is small chunks of “char” that are almost pure carbon.”

For decades, African urban and rural households, have been cooking and heated using charcoal. Why charcoal? …


Alors que la plupart d’entre vous n’ont jamais entendu parler de Jumia, c’est pour le moment la seule startup africaine avec une valuation dépassant le milliard de dollars (#licorne).

Jumia se lance en 2012 sous le nom d’African Internet Group. La compagnie commence ses opérations dans un premier temps au Nigéria. Cinq ans plus tard, Jumia est présent dans quatorze pays et a plus de quatorze millions de produits disponibles sur sa plateforme. Jumia peut également se targuer d’avoir eu en 2017, 550 millions de visites ainsi que 800 000 commandes en ligne.

Qu’est ce que Jumia.com?

Comme Amazon, Jumia est une plateforme qui…


Most of you still haven’t heard about it, but Jumia is for now the sole startup valued at over a billion dollar in Africa (#unicorn).

Jumia was launched under the African Internet Group name in 2012. It first started its operations in Nigeria. 5 years later, Jumia is present in 14 countries and has 14 million products available on its platform. Jumia boasted 550 million visits and 800,000 online orders in 2017.

What is Jumia.com?

Quite similarly to Amazon, Jumia is a platform that connects buyers to merchants. On the platform you can purchase products directly from manufacturers such as, Décathlon which used…

Ben & Alex

We travelled from Nairobi to Cape Town to meet social and tech innovators on the ground. The goal is to picture the underlying drivers of development.

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