African startups scored $187 million in funding in May
- African startups scored $187 million in funding in May, with diverse sectors attracting big bucks.
- Expansion into Africa offers perks for startups, but it must be done correctly to avoid pitfalls.
- Adia Sowho steps down as MTN Nigeria CMO after achieving growth in the telco's consumer and data businesses.
The funding surge in African startups in May indicates the growing potential and resilience of the African tech ecosystem. It also highlights the interest of global investors in supporting African entrepreneurs. However, it is crucial for startups to approach expansion into Africa with caution and careful planning to avoid potential challenges and risks. Adia Sowho's contributions to MTN Nigeria's growth demonstrate the importance of effective marketing strategies and digital transformation in the telecommunications industry.
