The eCommerce and Digital Payments Landscape in Mozambique
Mozambique, which is approximately 3 times as large as Great Britain, is divided into 154 districts. As of 2016, only 72 of these districts had bank branches in them. The Mozambique government and commercial banks in the country have undertaken to open at least one branch per district, by 2019. Sub-Saharan Africa suffers from a […]
The Pros and Cons of Using a Debit Card
Debit cards are an extremely popular payment card type that are often issued by major payment processors, such as MasterCard. According to Statista, as of 2017 there were 751 million MasterCard debit cards in circulation worldwide. A debit card, in contrast to a credit card, deducts money from your checking account as soon as you […]
How to Find Investors in Africa and Secure Investment
The technological startup landscape in Africa is gaining momentum. According to Partech Ventures, VCs invested $367 million in African startups in 2016, up 33% from 2015. Funding to African startups has grown by an 8.7x factor over the past four years. The countries whose companies garnered the highest funding are Nigeria, South Africa and Kenya. […]
How to Create a Presentation for Investors
Once you’ve built and tested a minimum viable product (MVP), it’s time to meet with investors. That means you will need to prepare presentation, a.k.a. ‘pitch deck’, that persuades investors to provide funding your business. One famous example of a successful pitch deck is the one that was used by the online accommodation marketplace AirBnB. […]
How to Build a Minimum Viable Product and Test It
Once you have a business idea and you’ve validated it, it’s time to start working on creating an MVP – a minimum viable product. This is a product or service that is developed with just enough features to satisfy the requirements of the initial customers. Building an MVP is considered a vital step in developing […]
How to Turn Your Idea into a Business Plan
Turning your amazing business idea into a practical business plan might seem like a challenging task. Many people get stuck at this stage, feeling unsure if their idea is worth exploring, or what actions they should take next. At the other extreme, some people jump right in and start a business without any preparation or […]
4 Factors That Are Paving the Way for eCommerce in Africa
A recent report by global consulting firm Frost and Sullivan estimates that Africa’s eCommerce market will reach $50 billion by 2018, up from just $8 billion in 2013. In particular, Nigeria is the biggest eCommerce hub in Africa, with the majority of Internet users shopping online. African companies are improving their eCommerce strategy to make […]