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European founders look to new markets, aim for profitability

To get a better sense of what lies ahead for the European startup ecosystem, we spoke to several investors and inventors in the region about their marks and the lessons from 2019, along with their prophecies for 2020.

We asked for blunt responses — and we weren’t disappointed.

These responses ought to have revised for clarity and length.

Kenny Ewan, benefactor/ CEO, Wefarm( London)

I’ve often been faced with questions around how we can generate revenue in markets like Africa. There has historically been a view that you can do something good, or you can generate revenue — and companies that talk about developing groceries typically get squarely lumped into the former. While mission-led companionships achieving colossal increment has been talked about for a while, 2019 has been a year I have felt the talks with investors and others certainly begin to shift to the reality of that and it’s thanks to more and more proof places being delivered by startups across the board.

As more and more businesses begin to realize they don’t need to wait for the internet to descend from the sky for these business to become centres of industry and innovation — and see that it’s previously happening — I conceive 2020 will continue to witness more and more historic tech corporations changing their focus to marketplaces like Africa and that there will be more coverage and discussion as a result.

Read more: feedproxy.google.com

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