My Brain Food This Week...
Growth areas in infrastructure and manufacturing in Africa, and the Nike story
Story of the week:
African businesses need more than money
(Caleb Maru)
Key takeaways:
Small and medium businesses (SMEs) are the backbone of Africa's economy, contributing significantly to GDP and employing a large portion of the workforce. However, these businesses face numerous challenges, including limited resources, infrastructure issues, and financial constraints.
Traditional lenders often consider SMEs high lending risks, making it difficult for them to access much-needed capital. Additionally, many SMEs lack proper financial planning and expense tracking tools, relying on inefficient methods such as paper or Excel sheets.
Bujeti, a tech platform developed by Achille, aims to address these challenges by offering SMEs an all-in-one solution for budgeting, expense management, and financial visibility. The platform helps streamline financial processes, automate approvals, and provide a comprehensive view of a business's financial health. Ultimately, Bujeti seeks to bridge the credit gap for SMEs in Africa and support their growth by offering tools for better financial management.
💎 Africa
AFRICA’S FOOD AND AGRICULTURE SECTOR COULD BE WORTH $1 TRILLION BY 2030, ANALYSTS SUGGEST
Cross-border trade with other African countries - a growth opportunity for manufacturers?
Is Africa ready to become the next big biopharma and vaccine manufacturing destination?
SA startups returned $17 million in exit returns to investors in 2022
In the wake of Dash’s closure due to fraud, 5 investors talk due diligence in Africa
🌏 Global
The Uncancellable Billionaire: Musk's SpaceX Signs Deal To Launch EU Satellites
Amazon Has Doubled The Size Of Its Rivian EDV Fleet To 10,000 Units
