The TechTrends Podcast | Profitability Becomes the New Currency for African Startups, Says Google’s Alex Okosi
- 60% of graduates from the Google for Startups Accelerator Africa are already profitable.
- The average monthly revenue of these startups is $60,000.
- Profitability is now considered the new currency in the African startup ecosystem.
The shift towards profitability in African startups is a promising development that reflects a more mature and sustainable business environment. However, it is crucial for founders to embrace technological advancements like AI to remain competitive. The collaboration between private companies, governments, and investors will be key to addressing infrastructure and skills gaps in the region.
