Podcast about the journey as a startup founder with @preciouscopy & @Dgr8samokeys
Joined December 2024
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U guys tighten ur belt for yet another exciting segment With @preciouscopy & @Dgr8samokeys as we review one of Africa's bright VC General Partner @NaijaFlyingDr
Life as A Startup founder retweeted
Carbon Markets: The Business of Buying Permission to Pollute.
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There is deep dishonesty in the way carbon credits are now marketed to Africa. We are told they bring climate finance, reward conservation, and position us as partners in saving the planet. But in practice, they often allow high-emitting systems to continue polluting while paying poorer countries a fraction of the real carbon cost.
Credits generated in the Global South often trade between $5 and $20 per ton of CO₂, while in Europe, carbon under the EU Emissions Trading System has recently ranged from about €60 to €90 per ton, with penalties above €100 per ton for non-compliance. That gap is not incidental. It is structural.
Cheap carbon from Africa becomes a convenient offset for expensive emissions elsewhere. The pollution does not disappear. The accounting improves, the reporting looks cleaner, and the industrial systems that created the problem continue largely unchanged.
But this system does not operate in a vacuum. It is enabled locally. It is enabled by policymakers eager to align with global narratives without interrogating their economic implications. It is amplified by technocrats who speak the language of sustainability but detach it from production, affordability, and industrial growth. It is sustained by institutions that prioritize visibility over measurable transformation.
The result is a performance of sustainability rather than its substance. Frameworks are adopted, reports are produced, and commitments are announced, but the core questions remain unanswered. Does this reduce the cost of production? Does it expand access to infrastructure, housing, and industry? Does it strengthen local capacity? If it does not, then Africa must be honest with itself.
Low-carbon pathways only make sense if they help us lower embodied energy, reduce costs, and build more accessible economies. If they instead reward restraint without enabling production, then they are not climate solutions for Africa. They are dependency, redesigned.
This is exactly the pattern I unpack in Decolonising Africa’s Infrastructure: Why Roads Still Lead to Ports, Not to People. The systems may change names, but the structure of extraction often remains the same.
Life as A Startup founder retweeted
Air travel in Africa is broken — to fly from Lagos to Luanda, you might have to stop in London or Lisbon.
As @WTO chief @NOIweala noted at an aviation summit in Nigeria this week, governments across the continent treat the aviation sector "as a revenue source to be extracted," rather than a key enabler for business, trade, and prosperity.
And that's costing the continent billions.
Poor flight connections, sky-high ticket prices, and hostile visa rules hinder the exchange of people, goods, and ideas:
• The same distance that costs $175 for a roundtrip flight in Europe can cost nearly $2,000 in Africa (i.e., Athens-Berlin vs. Lagos-Freetown)
• Average air taxes in Africa are twice those of the Middle East
• Flights within Africa operate at ~75% capacity on average, the lowest of any region worldwide
And "despite the high ticket prices," Okonjo-Iweala noted, "African airlines earn less than the global average in terms of profit per passenger."
The full cost structure — and the individualistic mindset behind it — needs to change.
Africa's economic future depends on leaders and citizens thinking not just big, but continentally.
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👉🏽 Afridigest Intelligence — real intelligence to win in Africa's growth markets: afridigest.com/intelligence | Follow Afridigest on LinkedIn & Instagram
Life as A Startup founder retweeted
Joyce Appleby says that countries grow economically because of culture/certain types of behavior
Let me tell you why places like this cannot be developed even if you have the money to do so
- The villagers and community leaders will not let you
- The villagers and community leaders will drain you and threaten to attack your business every week
- The villagers and community leaders will use your business as salary
- You will get robbed every week
- There are no roads in and out that are good
In summary
The Lagos coastline is what it is today because for some reasons, they welcome people and leave them there to do business
You will never see that in any south south state. I am from a coastline village.
BUA is trying to build a refinery in my place, but the villagers have frustrated the hell out of him that he shut down the project many times and was to leave
Dangote built a refinery in Lagos and the process was smooth
Other parts of Nigeria need to look inwards.
Most investments and growth goes to Lagos because it is conducive
Life as A Startup founder retweeted
"They told me I couldn’t build in Nigeria.
So I launched an airline in 18 months."
Our May Fireside Chat with @senisulyman was packed with real gems. Let’s break it down.
Life as A Startup founder retweeted
It’s almost showtime! 🔥
We’re going LIVE today at 6 PM WAT with @zanele_matome, founder of @HelloWELO .
She’s boldly building in Africa’s health-tech space and sharing real lessons you won’t want to miss.
Click the link below to register. bit.ly/VelocityJune24Chat
Life as A Startup founder retweeted
Startups don’t win because they raise fast or launch early.
They win because they deliver value
Consistently, at the right pain point, and in a way that makes people stay.
That’s what drives positive outcomes long term.
Not noise.
Not hype.
Value.
Life as A Startup founder retweeted
She’s not just building a health startup.
She’s redesigning access to care for Africans, one doorstep at a time.
Tomorrow at 6PM WAT, @zanele_matome of @HelloWELO goes LIVE with us on X Spaces.
Click the link below to register
bit.ly/VelocityJune24Chat
See you soon!
Life as A Startup founder retweeted
You don't need a pitch deck to start.
You need to start to pitch:
Life as A Startup founder retweeted
The future belongs to those who seek.
What do you think? Could DeepSeek be as transformative as it claims? And how should Africa position itself to lead in this AI race?
Let’s discuss.
#AI #DeepSeek #ChatGPT #Innovation #Africa #FutureTech
Life as A Startup founder retweeted
For founders and investors: the question isn’t whether to engage with AI, but how fast we can adapt to its capabilities.
For Africa, it’s an opportunity to leapfrog traditional challenges and lead in shaping the next generation of technology.
Life as A Startup founder retweeted
The Crucial Customer Interviews That Can Make or Break Your Startup
#africanstartups #vc #startup #startuplife #startupbusiness
Life as A Startup founder retweeted
The old model of scaling an African startup:
Pan-African platform—aggregate some mix of Nigeria, Egypt, Kenya, S. Africa
The new model:
E2E (emerging mkt to emerging mkt) platform—win at home then go abroad
• Lemfi: 🇳🇬 → Asia
• Tyme: 🇿🇦 → Asia
• Moove: 🇳🇬 → India/LatAm
Life as A Startup founder retweeted
After 4 years of investing in Africa, here's the one thing I've learned:
African founders are 10x tougher than Western founders.
If they can build a profitable business with no electricity, imagine what they can do with $1M in funding.
Life as A Startup founder retweeted
Things that shouldn’t be as hard as they are:
1.Canceling subscriptions
2.Finding parking
3.Building a billion-dollar company in Africa
4.Choosing where to eat
5.Explaining your job to your parents
Life as A Startup founder retweeted
For a startup to be attractive to us, it needs to:
- Have a large addressable market
- Have a competitive advantage
- Have a clear unique selling proposition
- Have a team of founders with complementary skills
- Be solving a problem that is worth solving
Anything less is a pass.