Recently, I realized that not just western politics needed to change their narrative about Africa, but also investors; if both don’t want to miss out opportunities.
Even though Africa is rapidly getting stable, thus less in need of non government organizations (NGOs); the stereotype of considering Africans as second citizens of the world is not disappearing or fading away, but gaining terrain elsewhere.
It is a fact that, there are not enough funds available for African startups and even rare for disruptive high tech ideas, ironically to not say arrogantly, considered as luxuries for Africans. Therefore, for many NGOs, African starters are the new skinny kids with signs of malnutrition.
Who needs to stream Nigerian movies from Iroko.tv, when only about 30% of Africans are connected to stable electricity and water?
Stars are those proposing to build water wells in Africa or producing sanitary pads from banana leaves, though none can guarantee the long term sustainability of such nonprofitable business model; as if an unicorn can’t greatly impact communities!
Where things get even complicated is when you pitch an unusual perspective of african needs, such as online eCommerce platform or electrical car. In other words, you are pitching things that Africans do not need or even understanding!
Meanwhile, mobile money was an Africa thing first, then the world followed!
Remember the Iroko.tv above mentioned? Forget about investing your $10K USD for 50% of shares. It is now valued to more than $50 Million USD. Speaking of its impact, Iroko.tv has injected millions of dollars back in the Nigerian creative industry, thus making many people living a better live than they could have gotten from a nonprofitable business.
However, for any open mind, Africa is the Jackpot of all times.
Because, Africa is 1 billion population and more, with a barely exploited economy already producing a GDP of more than 3 trillion, at an average growth rate of 6% per year. Also, Africa is to remain the sole youngest continent on earth for the next 100 years, thanks to what the french president called the problem of having many babies in average per African family. And, am sure, you already know that Africa is the naturally richest continent on earth.
All that mass of people, aspiring to live in comfortable conditions as the rest of the world, combined with that huge wealth disposal, are great opportunities for he who will be clever enough to invest in Africans at the very early stage of their projects.
At mergims.com, we are convinced that time has come for a 100% scams free online business facilitating platform, thanks to blockchain.
Yes, crypto-technologies have a greater potential in unstructured environment!
Therefore, if we ask you $500k USD in our series A, it is not to speculate, but definitely we aim to greatly impact African communities with a sustainable and profitable business model.
mergims.com business model is to enable even a kid in a far village of Rwanda, with low computer skills, to sell his/her services/products to the world, thus increasing chances to live the African Dream.
Founder & Managing director of mergims.com
Serial entrepreneur in internet related businesses