Nada Shaheen on why large African companies will die if they ignore startups
- GB Corp has backed five early-stage startups in Egypt over the past four years.
- The company is investing at least $500,000 in Egyptian startups through its venture capital firm, GB Ventures.
- GB Ventures focuses on logistics, fintech, and mobility startups to align with its core business operations.
The growth of corporate venture capital in Africa represents a significant shift in how large companies view their role in the startup ecosystem. By investing strategically in startups, corporates not only foster innovation but also ensure their own relevance in an increasingly competitive market. This trend should be closely monitored as it could lead to transformative changes in the African economy.
