The True Cost of Being an African Entrepreneur.

Yussouf Ntwali CEO of Bag Innovation, now expanding from Rwanda into Uganda delves into the vibrant world of innovation and Cross-Border Innovation.He says “You don’t need a 30-page business plan to succeed, just a product people actually want to buy.”The discussion covers the challenges and opportunities in the tech ecosystems of both countries, the importance of building globally competitive tech solutions from Africa, and the critical role of government support in fostering a thriving entrepreneurial environment. He also highlights the significance of genuine passion in entrepreneurship, the pitfalls of misdirected funding, and the need for industry experts to lead new ventures. Timestamps00:36 Cross-Border Innovations- Rwanda Meets Uganda01:36 Challenges and Insights from the Ugandan Tech Scene02:38 The Importance of Tech Ecosystems and Government Support04:40 The Reality of Entrepreneurship: Passion and Perseverance09:32 Opportunities and Success Stories in African Tech15:21 Gamification: A Strategy for Customer Retention17:59 Challenges and Opportunities in Uganda's Market18:26 The Need for Digitization18:59 Policy and Innovation21:41 Digitizing Cash and Everyday Transactions22:55 Introduction to Bag Technologies22:58 HR Tech Solutions and Future Plans25:57 Virtual Experience and Talent Pool27:17 Achieving Middle-Class Economy29:51 Acquisitions and Mergers31:33 The Role of Incubators and Grants35:00 Conclusion and Contact InformationFollow up with him on LinkedIn.Share your feedback on what you think it will take for Uganda to achieve a middle class economy, and inquiries at [email protected] or WhatsApp +25678537996. PODCAST DISCLAIMER. The views and opinions expressed in the episode are those of the individuals. They do not represent or reflect the official position of the ON Uganda Podcast, so we do not take responsibility for any ideas expressed by guests during the Podcast episode. You are smart enough to take out what works for you.As of 7.03.25