Startup-focused news and research company Disrupt Africa will next month release the first ever publication focusing on gender equality in the African tech startup landscape, in partnership with leading investors and industry stakeholders.
Since launching its research arm in 2016, Disrupt Africa has built up a significant portfolio of publications, most notably the African Tech Startups Funding Report, Finnovating for Africa, and deep-dives into various leading startup ecosystems, available free for all via open-sourcing initiatives with various partners across the continent’s tech ecosystem.
Its next publication, which will be its 21st in total, is the company’s most ambitious ecosystem research project to date – focusing on gender equality in the African tech startup landscape, “Diversity Dividend: Exploring Gender Equality in the African Tech Ecosystem”.
The report will contain both quantitative and qualitative data – quantifying female founders and VCs in the ecosystem, as well as their access to funding and opportunities, and polling them directly about their experiences within the ecosystem. The report will also feature personalised case studies.
“As we all know, diversity in teams leads to better decisions, better execution, and ultimately greater success. Yet the African tech startup ecosystem evidently falls short when it comes to gender diversity. With this Disrupt Africa publication, we aim to set out a baseline from where we as an ecosystem can improve; we dig deep to understand obstacles, and pinpoint ways in which we can create more gender equal opportunities,” said Disrupt Africa co-founder Gabriella Mulligan.
This first-ever quantitative and qualitative deep-dive into gender equality within the African tech entrepreneurship and VC space is being released in partnership with FirstCheck Africa, which invests early in high-growth technology startups founded or co-founded by women; and TLcom Capital, which has US$350 million of VC assets under management across Africa and Europe.
“FirstCheck Africa is proud to partner with Disrupt Africa for this inaugural report which includes an extensive review of the continent’s female-led startup ecosystem based on their comprehensive, multi-year primary data. A maturing ecosystem that’s serious about equity and unlocking every investment opportunity needs numbers and analysis beyond the superficial to hold itself accountable. Inspired by this report, we’re looking forward to a meaningful conversation about the experiences of women around Africa’s venture capital table, including the continent’s ambitious founders and active investors,” said Eloho Omame, co-founder of FirstCheck Africa.
“With a 60 per cent female senior team and through our annual Female Founder Summit, we’ve not only experienced first-hand the huge benefits of a diverse organisation but are also well-aware of the major economic upside ready to be unlocked by levelling the playing field for women across the ecosystem. As an industry, we cannot afford to continue overlooking the biases and stereotypes preventing women from reaching their full potential. With this in mind, we’re especially proud to support Disrupt Africa’s latest work to shine a much-needed spotlight on these issues and pioneer crucial change for current and future women within African tech,” said Andreata Muforo, partner at TLcom Capital.
Other partners are iceaddis, Ethiopia’s first innovation hub and tech startup incubator, which accelerates high-potential startups, facilitates technological innovations, and works with a multi-partnership approach to activate youth to gain economic empowerment; and the International Trade Centre’s Netherlands Trust Fund V (NTF V), a four-year partnership signed by the Ministry of Foreign Affairs of The Netherlands and the International Trade Centre to support micro, small and medium-sized enterprises (MSMEs) in the digital technologies sector.
“Now more than ever, we need more women in technology. Empowering women in tech is one of our mandates under the #NTF5 and #FastTrackTech Africa projects, ensuring not only that women entrepreneurs in non-tech sectors have the capacity to participate in digital trade, but also engaging key stakeholders in the business ecosystem to create the conditions for women-led tech businesses to prosper. This is the reason we are so excited about this report and this collaboration with Disrupt Africa,” said Cathy Sall, associate programme officer at the International Trade Centre.
The report will be released at the end of April, and will be available as a free download.
For more information, or to find out how to become a partner in this groundbreaking initiative, please go here, or email Gabriella on gabriella@disrupt-africa.com, or Tom on tom@disrupt-africa.com.
About Disrupt Africa
Disrupt Africa is the one-stop-shop for all news, information and commentary pertaining to the continent’s tech startup – and investment – ecosystem. With journalists roaming the continent to find, meet, and interview the most innovative and disruptive tech startups, Disrupt Africa is a true showcase of Africa’s most promising businesses and business ideas. Its research arm releases in-depth reports on various aspects of the African tech startup ecosystem. Details here.
About FirstCheck Africa
FirstCheck Africa invests early in high-growth technology startups founded or co-founded by women. Our portfolio includes Jumba, Uncover, Tushop (Kenya), Pivo, Healthtracka (Nigeria), Foondamate, Zoie Health, Akiba Digital (South Africa) and MoneyHash (Egypt). Our mission is to advance equity, capital and leadership for a generation of women in Africa through technology and entrepreneurship. Visit our website at www.firstcheck.africa for more information.
About TLcom Capital
Founded in 1999 and with offices in Lagos, Nairobi and London, TLcom Capital has $350mn of VC assets under management across Africa and Europe and in January 2022 announced the first close of its $150mn TIDE Africa Fund II, dedicated to technology and innovation for Sub-Saharan Africa at all stages of venture capital. The TLcom portfolio includes Twiga Foods, Andela, uLesson, and Kobo360 among others, and it has completed successful Africa VC exits with Upstream acquired by Actis and Movirtu acquired by BlackBerry. TLcom’s fund delivers capital as part of its wider strategic, operational and financial support strategy to entrepreneurs.
About iceaddis
Ethiopia’s first innovation hub and tech startup incubator, established in 2011, iceaddis is a co-creation space that accelerates high-potential startups, facilitates technological innovations, and works with a multi-partnership approach to activate youth to gain economic empowerment.
About the International Trade Centre’s Netherlands Trust Fund V (NTF V) project
The International Trade Centre’s Netherlands Trust Fund V (NTF V) is a four-year partnership (July 2021- June 2025) signed by the Ministry of Foreign Affairs of The Netherlands and the International Trade Centre to support micro, small and medium-sized enterprises (MSMEs) in the digital technologies sector. The programme is executed in Ethiopia, Ghana, Senegal, Benin, Cote d’Ivoire, Mali and Uganda, and focuses on business-friendly tech ecosystems and tech hubs, offering tech start-ups and MSMEs resilient business models, linking them to national and international business and investment opportunities, and digitalising traditional MSMEs.
