Impact of US Policies and USAID Suspension on Africa’s Startup Ecosystem
Kola Aina stated that the suspension of USAID programs has contributed to a slowdown in Africa's startup ecosystem. US trade policies, including new tariffs imposed by President Trump, have created uncertainty that dissuades investors.
Condia Insider: The ripple effects of Trump’s tariff play
Trump announced a new wave of tariffs as part of his 'America First' strategy, with China facing a steep 125 percent duty. China retaliated by raising its own tariffs on U.S. goods, leading to a chaotic economic environment.
Kenyan and Nigerian SMEs, startups hit as US pulls $51 million in funding
USADF has supported over 1,000 businesses across 22 African countries. The funding cut includes $48,406 for a WhatsApp marketing chatbot for small businesses in Kenya.
Ramaphosa Aims to Strengthen U.S. Ties and Boost Trade Relations Amid Land Policy Dispute
Cyril Ramaphosa expressed a desire to negotiate a deal with Donald Trump regarding land policy disputes. Trump issued an executive order cutting U.S. financial assistance to South Africa.
African Tech Startups in 2024: Mergers, Expansions, and Funding Challenges
39 mergers and acquisitions (M&A) deals occurred in Africa's tech industry in 2024, a 34% increase from 2023. Southern Africa led with 16 startups being acquired, followed by West Africa with 10, East Africa with 7, and North Africa with 4.
