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Business Daily: Getting into business: Start-up capital in Africa

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09/02/2023 GMT

Getting into business: Start-up capital in Africa

BBC World Service - Business Daily, Getting into business: Start-up capital in Africa

Investment in African tech start-ups is growing 6 times faster than the global average

Find out why start up capital is flowing into tech businesses in some parts of Africa. Business owners across the continent tell us what it’s like starting out where they are.

The amount of accessible funding for start-ups in Africa is growing fast, but lots of it goes to the more developed economies of South Africa, Nigeria, Egypt and Kenya. We speak to business owners in Nigeria and Uganda and compare their experiences of getting into business. 

Nnamdi Okoh is the co-founder of Terminal Africa, based in Lagos. He explains the process of getting onto an accelerator programme and how the advice and financial support has allowed him and his brother to turn the business from a side hustle to a full time job. 

AbdulMalik Fahd investigates why Lagos has become such a hub for new business on the continent and Tom Jackson the co-founder of Disrupt Africa, a hub for start-up news, explains why investment opportunity is growing so quickly and what this means for business.  

Kaivan Khalid Satter is the founder of Asaak, an asset financing company for motocyles based in Kampala, Uganda. He explains how tough it was to raise funding at the beginning and tells us how he’s now managed to raise more than 30 million dollars in funding. 

Producer/presenter: Hannah Mullane

(Photo: Nnamdi Okoh. Credit: Nnamdi Okoh)

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