Read on Twitter
Just published the Afridigest Week in Review for week 20:
Smells like money
AlitheiaIDF & others secured the bag
Is culture Africa’s new oil?
Trendwatch: livestream ecommerce
+
Recommendations
& more
Read what happened last week. https://afridigest.substack.com/p/afridigest-week-in-review-does-it
Smells like money AlitheiaIDF & others secured the bag Is culture Africa’s new oil? Trendwatch: livestream ecommerce+ Recommendations & moreRead what happened last week. https://afridigest.substack.com/p/afridigest-week-in-review-does-it
Smells like money• @NovastarV raised $108M in new commitments to its 2nd fund
• Now a big fish, its total capital is +$200M
• Recent investments include @mPharmaHealth, @Sure_Chill, and @maxdotng
• Just don't call them an impact fund
• Congrats @DrDotun & all
Securing the bag• @AlitheiaIDF secured a $10M commitment from @OpenSociety's SEDF to invest in SMEs that present an opportunity to promote gender equality
• Congrats @Tolushola & @PoloLeteka
- Nigeria & South Africa should team up more often 
https://twitter.com/seanjhinton/status/1260235590580293639
Securing the bag (cont.)• @vp_fund invested in @TambuaHealth, @FunnelJoy, & Brass
• @FunnelJoy’s model of African-built software to serve primarily US & European customers should be of interest in these times of devaluation
• Well done @kola_aina, @oyewolekay, & team
Is culture Africa’s new oil?• Lagos-based @AristokratGroup, best known for discovering @burnaboy, entered into a strategic partnership with @UMG
• Well done @PeediPicasso & team #BuildYourOwnTable #PepperDem https://twitter.com/UMG/status/1259958219503435776
Is culture Africa’s new oil? (cont.)• This continues the general trend of global interest in African/Nigerian music and for good reason
• Nigeria is the world’s fastest-growing E&M market
• First Nollywood, now Afrobeats
Is culture Africa’s new oil? (cont.)• “We are ready to explore and exploit the ‘new oil.’" —Lai Mohammed, Nigeria's Minister of Information and Culture
• Seems like the world is also ready to receive Africa's cultural exports
https://twitter.com/Rewkang/status/1256608726586286081
Trendwatch• Have you heard of 'livestreaming e-commerce'?
• It's a trend currently taking over Asia & it's probably time to start paying attention to it.
• I'll cover it more at Afridigest, but for now, here's an intro https://twitter.com/CGTNGlobalBiz/status/1258337213185589248
Management Read of the Week• From @jpgg, @Airbnb's first product manager
• "Metrics aren’t just a series of numbers; they should be a reflection of your company vision." https://hbr.org/2020/05/dont-let-a-single-metric-drive-your-business
Chart of the Week• US E-commerce penetration as a percentage of retail sales
• “There are decades where nothing happens, and there are weeks where decades happen.” — Vladimir Lenin
Other Recommended Reads• @lennysan: https://www.lennyrachitsky.com/p/how-the-biggest-consumer-apps-got
• @JasonNjoku: https://jason.com.ng/pyrrhic-irokotvs-subscriber-base-in-africa-grew-from-2-to-83-in-5-years/
• @GavinSBaker: https://medium.com/@gavin_baker/scale-and-loyalty-are-more-important-online-than-offline-which-drives-much-of-the-winner-take-992345be93a9
• Me: https://afridigest.substack.com/p/the-kings-ransom-waiting-for-african .
Recommended Watches• @GibsonBiddle & @TobiOtokiti on product strategy
• @obyezeks & others on women's leadership
• @iaboyeji, @JustinStanford, @tolushola, @AmeyaUpadhyay & @ArjunaCosta on VC+Africa
In case you missed it - Twitter edition• @opeawo on the importance of sales and business development in a tech business
• @pesa_africa on why bank card usage is so low
• @StoneAtwine on why wallets are the future of payments
• @TechCabal’s recap of 'Bullish on Africa'
In case you missed it - Twitter edition (cont.)• And don't forget @dijadontneedya's hilarious Ikoyi rooster
thread 
https://twitter.com/dijadontneedya/status/1261564233181016065
That's the Twitter recap of the Substack recap of notable business & innovation happenings across Africa for Week 20, according to me.
Now head to the Week in Review for the details.
And if you've read this far: subscribe, retweet, & tell a friend.
https://afridigest.substack.com/p/afridigest-week-in-review-does-it
Now head to the Week in Review for the details.
And if you've read this far: subscribe, retweet, & tell a friend.
https://afridigest.substack.com/p/afridigest-week-in-review-does-it
