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Browsing: african venture capital
- Africa’s venture ecosystem experienced a marked downturn in 2023, mirroring broader declines in venture capital to startups in the global market.
- Both the volume and value of venture capital investment decreased by close to a third in 2023.
- Africa attracted a combined $4.5 billion in venture capital and venture debt investment during the year, across 603 deals.
The high investor flight seeking better returns from markets abroad negatively impacted on Startups in Africa, as venture capital deals dropped in 2023 amid a turbulent time that saw the closure of some key firms.
Africa’s venture ecosystem experienced a marked downturn in 2023, mirroring broader declines in venture capital to startups in the global market.
After a record-breaking year for investor interest in African ventures, with over 1,100 unique investors participating in deals in 2022, there was a dramatic reversal of this trend last year, industry data shows, as the number …
The Fund’s portfolio firms have also generated substantial impact at scale in recent years, reaching over 136 million Africans with inclusive and digital solutions.
For every dollar spent, more than one user on the continent benefits from the investment.
The Fund has been responsible for creating and maintaining approximately 1,400 direct employment with its current portfolio, and women make up an average of 35% of the workforce.
The Fund will support African entrepreneurs in their efforts to scale the breakthrough technologies they have developed across Africa and beyond. Additionally, the Fund will continue to support global entrepreneurs in their efforts to expand their businesses into Africa…
Africa’s private equity landscape continues to attract investment. The operating environment, albeit still turbulent, continues to improve. Granted, the pace of improvement is higher in some countries than others, but overall there is promise of a conducive climate for business.
The enabling environment, coupled with the accelerated digital infrastructure growth, inspires momentum in the private sector contributing to the growing middle class. This will, in turn, lead to improved employment opportunities.…