This Ghanaian entrepreneur is assisting African companies in going worldwide.
Day 18 of Black History Month
This Ghanaian entrepreneur is assisting African companies in going worldwide. Miishe Addy, co-founder and CEO of Jetstream Africa, obtained $13 million in pre-Series-A equity and loan financing for her shipping and logistics business.
(Tech Point Africa)
According to Ghana Web, the fundraising round includes investors including the end-to-end visibility platform Project44’s executives as well as the development finance organization PROPARCO through the Digital Africa Bridge Fund and ASC VC. Along with the Senegalese Wuri Ventures, the MBA Fund, the W Fun, and investments from family offices, the Nigerian venture capital fund Octerra also took part in the financing round. In the equity round, other investors included Alitheia, IDF, and Golden Palm. Cauris, a fintech lender, was the only investor in the debt round.
“All of our major investors have investment or operational experience with the problem we’re solving. They are specialists in supply chain technology like ASCVC, which was founded by Project44 executives, or African value chain and logistics portfolio companies like Alitheia, Golden Palm, Octerra, Wuri, and Proparco,” Addy said.
https://www.youtube.com/watch?v=9fg-frHzo6I
Shippers who need to import or export products from Ghana and Nigeria can use Jetstream‘s services. Shippers may pay for and track their shipment via the company’s digital platform.
“Most businesses in Africa make and sell physical things, and you can’t sell what you can’t move. So logistics is really a centerpiece of the entire commerce equation,” Addy said during the virtual Africa Tech Summit Connects. “There are so many e-commerce websites that are coming up to allow SMEs and everyone else to sell products, but it is the people who are running the cargo on the ground who are solving one of the trickiest bottlenecks.”
(image: CNN)
In a 2021 interview with CNN, Addy talked about how she pursued a career in a male-dominated field by starting her technology-enabled logistics business. She said that she takes satisfaction in using technology to make a difference and in working in a field that produces goods that are useful to people everywhere.
“I would generally say it’s easier to be an entrepreneur as a woman in Ghana than in other countries. Technology specifically is a little harder in Ghana because there are so few women with engineering backgrounds or who have the capabilities to build an engineering or technology-based business,” Addy said at the time.
https://www.youtube.com/watch?v=2grnFUaEzSM
– Steve Sijenyi
LIT604.com Is celebrating Black history month by publishing Positive news on Black people across Canada and United States throughout the month of February. Lit604 Founder Steve-Safari Sijenyi is producing and releasing a YouTube video everyday at 7pm PT that showcases Black people who embodied the spirit of Black Excellence, black-led Led Enterprises, Black-run organizations, Black allies and Pro-Black Organizations and Leaders from the public and private sector.
