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Welcome Africa To The Unicorn Club: Founder of Capgrove Group shares his thoughts




In the world of business and entrepreneurship, a unicorn is a startup company with a $1 billion valuation (without being listed on the stock exchange). This is an exceptional accomplishment and a challenging label to attain. Experts estimate that a new business has a .00006 percent chance of becoming a unicorn, with the ‘decacorn’ ($10 billion) and ‘hectocorn’ ($100 billion) statuses being even more unique and difficult to reach. Bytedance, SpaceX, SHEIN, Stripe, Klarna, Instacart and the likes of Airbnb, Facebook and Google are among well-known unicorns that have reached and exceeded these statuses.


A question: When you close your eyes and visualize a unicorn, what do you see? White, Chinese? Can Africans build and own unicorns? I wondered aloud as I wrote this piece. Some African entrepreneurs are establishing and have produced unicorns, but whether we as Africans control our unicorns is a topic for another day and this is due to a lack of access to “African financing.”

Read Also: Digital assets marketplace, Glover App set to unveil in Ghana

In recent years, some African firms have grown into unicorns. Some African entrepreneurs have achieved this level of success such as the founders of Chipper Cash, Andela, Interswitch, Esusu, among others. However, being a PROFITABLE unicorn company is more fundamental than attaining unicorn STATUS. The likes of these Africans who founded, built and scaled their firms to such heights give me the utmost confidence that Africa will continue to produce multibillion-dollar and even trillion-dollar businesses. Jumia, a pan-African tech company, has risen to a height where it now trades on the New York Stock Exchange.



Governments and grants will not build the future for Africans. Rather, people who dare to do things that grow and scale will. Building this future, this possibility, necessitates more African money, capital with purpose – your funds. Anyone who invested in IROKO TV when it first raised funding, would have made 3,000+ percent gain today. So, we have the ability to alter the narrative. We have the ability to change preconceived opinions about us. We can build more unicorns founded by Blacks and Africans with afro punk hairstyles and braids(laughs). We have the ability to build new markets, develop existing markets, dare to produce more unicorns, and now is the moment to get involved.


My name is Emmanuel and I am on a mission to reach the heights of companies like Bain Capital, Blackrock and Tiger Global, to name a few. Enterprises that impact and improve communities and cultures, empower infrastructure, economies and sectors are the businesses of the future. We need to foster a sense of discovery and decisiveness in ourselves because these are the qualities that have inspired numerous founders to solve problems and bridge gaps, giving rise to unicorn companies.



I am not blind to the fact that the region suffers poor media/PR, neither am I unaware that we have merely a handful of such success stories but I would like to urge us to put those facts and all the other obvious reasons aside for a moment and envision a better future. Together, you and I can create a better tomorrow – a future in which you and I can hedge our bets and pool our resources.


Join us as we harness our full potential and push the boundaries at Capgrove Group; a business services, investment and asset management firm I founded, with activities in both private and public markets. Please visit our website at to learn more about our vision and mission, as well as what we have been up to. When something piques your curiosity, please do nothesitate to contact us.


We must continue to “Build the Next Profitable Unicorn Corporations”.



Until the next article, best wishes.

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People & Lifestyle

Is a Free VPN Safe to Use? Exploring the Risks and Benefits



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In our current digital age, online privacy and security have become an importantt concerns for internet users around the world. With the increasing prevalence of cyber threats and data breaches, people are actively seeking ways to protect their online activities. Virtual Private Networks, or VPNs, have gained popularity as tools that promise safeguarding your digital footprint. While there are many VPN options available, free VPNs, in particular, have garnered significant attention due to their accessibility. In this article, we will explore the risks and benefits of using a free VPN, with a focus on free VPN for Windows.

Understanding VPNs: What Are They?

Before delving into the world of free VPNs, let’s understand what a VPN is and how it works. A VPN is essentially a service that establishes a secure, encrypted connection between your device (in this case, your Windows PC) and a remote server. This connection masks your IP address and encrypts your internet traffic, making it difficult for third parties, such as hackers or government agencies, to monitor your online activities.

The Benefits of Using a Free VPN

Enhanced Privacy: One of the primary advantages of using a free VPN is the boost in online privacy. Your internet service provider (ISP), websites, and even potential cybercriminals won’t be able to track your online behavior when you’re connected to a VPN.


Bypassing Geo-Restrictions: Free VPNs often allow users to access geo-restricted content. For example, if a streaming platform or website is only accessible in certain regions, a VPN can make it appear as though you’re browsing from an eligible location.

Protection on Public Wi-Fi: When you connect to public Wi-Fi networks, your data becomes vulnerable to interception. A free VPN can add an extra layer of security when you’re using unsecured public Wi-Fi at cafes, airports, or hotels.

The Risks Associated with Free VPNs

Data Logging: Many free VPN providers track and log user data. This can include your online activities, websites visited, and even personal information. This data may then be sold to third parties or used for targeted advertising.

Inadequate Security Measures: Some free VPNs might not implement robust encryption protocols, leaving your data vulnerable to breaches or leaks.


Limited Features: Free VPNs often come with limitations, such as slower connection speeds, data caps, and fewer server locations. These restrictions can hinder your online experience.

Malware and Adware: Some free VPN services have been found to include malware or adware in their software, potentially infecting your device.

Uncertain Jurisdiction: Free VPN providers can be based in countries with lax data privacy laws, which means they may not be obligated to protect your data.