African start-ups aim high, harsh realities temper hopes

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African start-ups aim high, harsh realities temper hopesCameroonian start-up boss Serge Boupda made a polished pitch Thursday to a room packed with potential investors in Paris, but he knows a solid business plan does not guarantee interest for firms hoping to unlock Africa's vast economic potential. Like other African entrepreneurs out in force at the Vivatech trade fair in Paris this week, Boupda acknowledged the challenges of entrenched poverty, corruption and terrorism that are holding back many countries. 'Africa is rising, yes, but it's also 54 countries, so what that really means is 54 different challenges,' he told AFP after presenting his Diool payments app to a jury of three venture capital executives.


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