Find a Cofounder in Africa
Africa is home to over 110,907,500 aspiring entrepreneurs. Join 10,000+ founders already on CoffeeSpace - including 457 from Africa and start your founder journey today!
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Entrepreneurship in Africa
The entrepreneurship environment in Africa is vibrant and growing, with a surge in innovative startups across various sectors such as technology, agriculture, health, and education. African entrepreneurs are renowned for their ingenuity and resilience, often creating solutions tailored to address unique local challenges. This innovation-driven entrepreneurship has been a driving force in Africa's economic growth and development in recent years. Furthermore, the rise of incubators and accelerators across the continent has played a significant role in fostering this innovative culture, providing necessary mentorship, business development services, and ecosystem building. However, access to funding remains a significant barrier for many African entrepreneurs. Despite the increasing interest from global investors, many African startups still struggle to secure the necessary capital to grow and scale their businesses. While funding opportunities are gradually improving, with venture capital funding for African startups reaching an all-time high in recent years, the vast majority of startups still lack access to adequate financing. The gap in funding is more pronounced for ventures led by women and those based outside the major startup hubs. Nonetheless, the progressive growth of the startup ecosystem suggests a promising future for entrepreneurship in Africa.
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Africa founders in numbers
The entrepreneurship environment in Africa is dynamic and thriving with over 110,907,500 entrepreneurs across various sectors. The area is especially buzzing with activity in the AI, E-commerce, and FinTech industries, with noteworthy companies like Upwork, Self Employed, and Andela leading the pack. In our CoffeeSpace community alone, we have 457 active users from Africa who are contributing to this vibrant entrepreneurial ecosystem. Many of these entrepreneurs have impressive educational backgrounds, with degrees from top universities such as the University of Nairobi, University of Nigeria, Nsukka, and University of Lagos. Join our community and connect with Africa's brightest minds in entrepreneurship.
The median age of CoffeeSpace founders in Africa is 29, while the average is 30.02.
A majority (51%) of CoffeeSpace founders in Africa are non-technical (Product, S/M, Financial, Operations), while (49%) are technical (Engineering, AI/ML).
A majority (56%) of CoffeeSpace founders in Africa, are exploring startup ideas, while 44% are committed to an idea.
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Discover the companies that CoffeeSpace founders in Africa have previously worked for.