By Rita Okoye
Olajumoke Adigun is an experienced Product Marketing Manager with expertise in driving growth for B2B SaaS companies.
With a deep understanding of marketing’s transformative role in building sustainable businesses, she has dedicated her career to helping startups bridge the gap between innovative products and market success.
A Nigerian-born marketing professional, Olajumoke combines strategic insight with a passion for empowering African startups to embrace marketing as a core pillar for growth.
Olajumoke’s perspective is clear: product marketing isn’t just a function, but a strategic pillar for success. In markets like Nigeria, Rwanda, and Ghana, the role of marketing often gets misunderstood, which stifles growth, scalability, and broader economic impact. For African startups to thrive, they need to rethink their approach to marketing—not as an afterthought but as a core component of their business strategy.
Marketing is often perceived as a gamble or an unnecessary expense in African startup ecosystems. In places like Nigeria, Rwanda, and Ghana, this mindset undermines the potential of innovative products. In Nigeria, where tech startups raised over $1.2 billion in 2022, many founders still prioritize engineering over marketing. There’s a prevailing belief that a great product will sell itself. However, without marketing, even the best product is doomed to obscurity. The product may be revolutionary, but if it lacks visibility and clear messaging, it will fail to reach the audience that needs it most.
A report by Briter Bridges reveals that only 30% of African startups allocate more than 10% of their budgets to marketing. This underinvestment creates a massive gap, preventing startups from achieving their full growth potential. For instance, *Paystack*, a leading Nigerian fintech company, succeeded not only because of its engineering capabilities but also due to its clear and compelling messaging aimed at small and medium-sized enterprises (SMEs). Paystack’s investment in marketing helped it build trust with customers, allowing it to scale and eventually secure a $200 million acquisition by Stripe in 2020.
Rwanda, known for its innovative tech ecosystem, faces a similar challenge. Despite the ICT sector contributing 3% to GDP and employing over 16,000 people, many startups in Kigali remain conservative in their marketing efforts. Marketing is often relegated to basic tactics like word-of-mouth or social media posts, which lack the strategic depth necessary to build strong brand equity and attract a broad audience. One Rwandan entrepreneur aptly put it: “We are great at building solutions, but poor at telling our stories.”
In Ghana, where Accra is emerging as a dynamic tech hub, marketing is also often treated as a secondary concern. Despite the $212 million raised by Ghanaian startups in 2022, marketing remains a misunderstood function, especially among early-stage companies. The misconception that marketing is expensive and only necessary for large-scale businesses holds startups back from establishing their presence and building customer loyalty. *Zeepay*, a fintech company that has thrived in Ghana, succeeded not only through innovative remittance solutions but also by investing in campaigns that built trust with users.
The consequences of neglecting marketing are not just felt by individual startups, but by the broader tech ecosystem and economy. According to the World Bank, 80% of African startups fail within their first five years, and one of the key reasons for failure is the inability to attract and retain customers—directly linked to weak marketing strategies. This failure prevents the growth of sustainable businesses and limits job creation, stunting economic development across the continent.
Marketing is also crucial for positioning African startups on the global stage. In today’s interconnected world, African startups in countries like Nigeria, Rwanda, and Ghana have the potential to compete with startups in Silicon Valley or Southeast Asia. But to do so, they need more than innovative products; they need compelling narratives that resonate with global audiences, campaigns that grab attention, and brands that inspire trust. Marketing, therefore, is not an expense but an investment in visibility, relevance, and growth.
To change the perception of marketing, African startups need to start viewing it as an integral part of their growth strategy. Education is key here. Marketing is not about flashy ads or viral campaigns—it’s about building meaningful relationships with customers, communicating a product’s value, and positioning the brand in a way that resonates with the target audience.
In Rwanda, initiatives like *Kigali Innovation City* provide an opportunity to integrate marketing mentorship into startup programs, helping founders understand the importance of a marketing-driven strategy. Similarly, in Ghana, collaboration with marketing professionals can help bridge the gap between product development and customer acquisition, ensuring that marketing is an active and strategic partner in growth.
Looking ahead, the startups that will succeed in Africa are those that recognize marketing as a cornerstone of their strategy. These startups will be adept at telling compelling stories, building strong brands, and creating lasting impacts, not just in their industries but in their economies. By integrating marketing into the heart of their business model, African startups can harness its true power as a tool for differentiation, growth, and long-term success.
The future belongs to those who understand that innovation alone is not enough. To build lasting businesses that scale and create value, African startups must stop viewing marketing as a gamble or magic and start treating it for what it truly is: a powerful tool for growth, visibility, and success.
Disclaimer
Comments expressed here do not reflect the opinions of Vanguard newspapers or any employee thereof.