Peach Payments acquires West-African payments gateway PayDunya
Peach Payments acquires PayDunya, entering mainland Francophone Africa for the first time. PayDunya operates in six West African countries and processes 70,000 transactions per day.
Bootstrapped OneKitty tackles crowdfunding transparency with WhatsApp chatbots
Manny Anyango runs a chama through a WhatsApp group, facing challenges in tracking contributions manually. Danche Nganga developed OneKitty, a crowdfunding app integrated with social messaging chatbots, to address fundraising management issues.
Why Do So Many Startups Fail in Africa — And What Can Founders Do About It?
54% of African startups failed, with Ethiopia and Rwanda experiencing failure rates as high as 75%. Startups often fail due to insufficient market research and a lack of understanding of local consumer behavior.
Ghanaian startups face higher costs as AWS introduces 21% tax
AWS will implement a 21% tax on cloud services for customers in Ghana starting March 1, 2025. The tax includes a 15% Value Added Tax (VAT) and an additional 6% in levies.
The role of venture capital firms in exits and restructuring
Global venture capital market projected to reach $279.80bn in 2024. VC firms assist in managing exit and restructuring strategies.
