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Autochek Financial Services, a new division of the Nigerian startup company that offers a variety of vehicle financing options to individuals and businesses all over the continent, has been launched. Autochek is an auto-tech platform that makes car ownership more accessible and affordable throughout Africa.

Africa Goodnest is a Ghanaian firm that provides access to domestic and international markets, promotes smallholder agricultural enterprises, and distributes agricultural products with added value.

The Startup Dialogue came off on the 25th of November, 2022 at WestlionCo. The dialogue was centered on “Personal and Business Finance, Funding, Financial Planning, Side Hustle, And Investment”. Ethel Anne Komlaga, the Executive Director of Enterprise Bureau was a speaker at the event. She spoke on Aligned Funding what it entailed and Entrepreneur DNA.

Speaking at the Startup Dialogue Mr. Samuel-Prempeh Agyeman, a Corporate Trainer And Publishing Consultant, identified some problems with side businesses. It was stated people do not like to grow their side businesses to a full company.

Mr. Paul Frimpong, a Chartered Economist And Global Head Of Membership, ICCE spoke at the Startup Dialogue. He gave some insights on investment and risk-taking.

Speaking at the Startup Dialogue Mr. Peter Asare Nyarko the Executive Director of Centre For Financial Education (CFLE Africa) advised participants to not spend to impress but rather spend to invest.

Madam Gladys Wononuah is the CEO of OLGA Shea Butter and Trading. Madam Wononuah began to make shea butter out of motivation by a desire to meet home demand and pass the time while she was unemployed.

It was identified Africa as a whole has only 7 unicorns. Unicorn companies are those that reach a valuation of $1 billion without being listed on the stock market. Limitations on Ghanaian startups were identified as inadequate access to funds, inadequate market access, and inadequate Tech Innovation and support.

The Ghana Startup Bill project aims to improve the startup environment through jointly developed rules. The Bill will lay out some guidelines and support the legislation needed to encourage Ghanaian entrepreneurship. The measure will foster an environment that is favorable to the development, attractiveness, and protection of startup investments.

The GIPC specifically mandates that foreign investors meet a minimum capital requirement. If they form a joint venture with local partners, international investors must have a minimum of USD 200,000, and if they own 100% of an enterprise, they must have a minimum of USD 500,000.

The ed-tech business Snapplify in South Africa is making significant investments to grow its market share in West Africa. Snapplify, a digital learning platform founded in 2012, offers access to the biggest African marketplace for digital education.

Startup Wise Guys, an organization that was founded in Tallinn, Estonia in 2012, also oversees cybersecurity programs out of Cosenza and SaaS accelerator programs out of Milan.