ETA News - Episode 1 - June 2023

Entrepreneurs Talk Africa: Uncovering the Stories of Africa's Rising Business Stars

Welcome to the "News of the Entrepreneurs Talk Africa" podcast where our founders Marc, Jason, and Gerald explore the dynamic world of African entrepreneurship. They kickstart the series by delving into the current state of startup funding, the rise of generative AI, the shift in venture capital mindsets, and the impressive surge in female entrepreneurship across the continent.

Timeline

• 00:00:06 - Introduction to the podcast and hosts.
• 00:00:57 - The trio begins their discussion on the current funding situation for startups in Africa.
• 00:11:07 - Jason emphasizes the importance of investment opportunities for growth in fragmented ecosystems like Africa.
• 00:12:34 - Gerald introduces a paradigm shift in companies' utilization of investment funds.
• 00:13:47 - Jason points out investment opportunities from grant-giving organizations.
• 00:16:39 - Marc shares details about the Africa Business Heroes program from the Jack Ma Foundation.
• 00:19:04 - Gerald explores the expanding presence of tech hubs and incubators in emerging African markets.
• 00:21:55 - The team dives into the importance and utilization of generative AI for African entrepreneurs.
• 00:26:40 - Jason argues that AI has become a necessary tool for all businesses.
• 00:28:04 - Jason provides insights into investment trends and prospects in Africa.
• 00:30:46 - The hosts discuss the rise of female entrepreneurship in Sub-Saharan Africa.

References

• Generative AI: Explore further about AI on OpenAI and Technology Review's Article on GPT-4, as well as AI initiatives by Google and Microsoft.
• Discover thriving African entrepreneurs at FCB dot AI, She Leads Africa, Lionesses of Africa, and African Women Entrepreneurship Cooperative.
• Venture Capital: Know more about Savvy, Fred Swaniker from ALU, and African tech hubs.
• Female Entrepreneurship: Learn about it from Global Entrepreneurship Monitor and Soul Rebels.
• Additional resources: African Business Angel Network, DEG Developed PPP Ventures program, Go-Getters Agri Prize, Agri Hack, Africa Business Heroes program, Rwanda tech hubs: KLab, [Impact Hub Kigali](https://impacthub.rw

Enjoy! And let us know what you think about this new season!