With the new year comes new aspirations and expectations for many Black entrepreneurs and African professionals.
For some, these upcoming months will be about waiting and seeing which way the world turns. But for others, they've already begun jumping into the world of entrepreneurship with both feet. They're signing deals at an alarmingly high rate and taking up startup room to get the attention of high investors.
Product launches and expansions of services are being produced like never before by some of the top Black
founders in the game.
Here are eight founders paving the way that you need to watch out for.
All African entrepreneurs begin their journeys in a similar fashion: see a problem and fix it. Funke Opeke is no exception to that.
After working as a former Verizon executive for over 20 years, Opeke left the company to move back home to her native country Nigeria. There, she discovered how little the connectivity of her home country and its surrounding countries was.
In 2008, she raised funds and laid 4,400 miles worth of fiber optic cable from Nigeria, all the way to Portugal. She's credited for not only starting one of the biggest major network providers but also for the boom in technological opportunities that soon followed. Plus, there are rumors that she's just getting started.
Frederick Akpoghene continues to break the boundaries of technological advancement with his Black-owned company JéGO. JéGO, a manufacturing/ design-based company of self-driven, autonomous pod vehicles, streamlines the way consumers receive goods and services.
This includes COVID tests, IV treatments, and other essential products delivered by a robotic automobile right to your front door. Akpoghene, with over 15 years of technology development and software engineering experience, created this fast-growing tech company because he felt like he needed to assist service providers who pay high rental costs to serve their community.
With the approval from the American National Highway Traffic Safety Administration and growing partnerships with multiple businesses all over the nation, Akpoghene ensures that you'll see these pods and shuttles within the near future.
Adesola Akindele is paving the way for young African professionals looking to expand their entrepreneur portfolios. As a 20-year international serial entrepreneur, Akindele can attest that entrepreneurship is the key to prosperity for economically misrepresented groups like Black professionals.
She's made it her mission through her co-creation of global hygiene tech company,
HyGear Technologies, to help communities gain access to innovative non-toxic hygiene products that keep air, surfaces and water cleaner. HyGear currently develops patent-pending technology in the UVC disinfection space and have operations in 3 countries.
Akindele has raised HyGear Technologies to be a top competitor in the disinfecting market. She did this all while managing her time as the marketing partner of Rise Urban Nation, a Pan-African economic group whose mission is to help create equal and profitable opportunities for Pan-Africans.
For many years, African countries have strained to find affordable ways to access food and produce. Due to the outskirt locations of many produce farms, Africans spend 10x the amount of their disposable income to get food, compared to citizens of countries like the U.S, who spend roughly around 6% of their disposable income shopping for food at local markets.
Peter Njonjo saw the huge disparity and sought to create a sufficient supply chain system in Africa. Thus, Twiga Foods was created. Twiga Foods is a B2B market platform that makes it easy to directly source produce from the direct farms and deliver them straight to urban retailers.
Njonjo receives recognition by not only solving a huge shortage crisis but also for the way he funded it: acquiring over $50 million through fundraising last year. With such a huge relief project going on, many are ready to see what this Black entrepreneur will come up with next.
With multiple wallet managing platforms popping up, you would think that this oversaturated market would cease to create new companies that could stand out from the rest. Well, Olugbenga Agboola has proven that to be false, as he leads to be the top Black-owned payment system across Africa and the U.S.
Created in 2016, Flutterwave has helped over 290,000 businesses process payments from their customers. That number continues to increase as the demand for contactless payment in Africa continues to rise.
With Agboola at the reigns, the company scored a huge amount of investment money within the last year. With that said, it's definitely worth noting his name as someone to watch.
What would you call a Black man who risks his life traveling through war-torn territories with hope and a dream to streamline the way businesses schedule meetings? The only answer is the word "hero.
Tope Awotana knew that the only way his company, Calendly, would ever have a shot at progressing to one of the top scheduling software companies would be through working with a business to help build his tech in Kiev, Ukraine. After quitting his job, maxing his credit cards, using all his savings, and taking out business loans, he set out to do just that.
Now, 8 years later, Calendly has accrued over 10 million customers with a whopping revenue of $85 million just within last year, proving that if you want something hard enough, you have to go out and get it by any means.
When Black creators and entrepreneurs come together to discuss the things that drive them to success, the answer most often revolves around education and expanding your life views through travel and living. This is the perfect combination that drove Ham Serunjogi to co-leading his company, Chipper Cash, to become Africa's most successful startup company.
Born with a sharp mind, Serunjogi became a swimming prodigy by the age of 6. He balanced school while learning through his experience as a young Olympian in Singapore.
After quitting his job at Facebook, he and his partner, Maijid Moujaled, created a fast and easy money transferring company called Chipper Cash. This is where he now continues making a huge economic splash.
It wasn't enough for Onyekachi Izukanne to create one company, and it certainly wasn't enough when he founded two companies. Izukanne strived for a greater purpose: to be the founder of three major companies. TradeDepot, his latest company, is one of the largest e-commerce product distribution platforms in Africa.
Founded in 2016, Izukanne and his co-founders sought only to solve one particular issue: to distribute milk to small retailers across the African continent. Now they've expanded using the same advanced technology to distribute various types of food, beverages, and care products, improving the lives of hundreds of people.
The world's crisis doesn't seem to be slowing the entrepreneur flame for these Black founders anytime soon. As everyone holds their breath to see what will unfold in this next year, they'll also be watching and waiting as these Black leaders in their craft shape and create inspirational influence across the continents.
For more updates on leading Black entrepreneurs, check out our podcast.
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