Browsing: Venture Capital

Aderonke Alex-Adedipe and Fabio Scala

Further AfricaNigeria has a rich venture capital environment and in our new reality, startups will need to adapt to fund themselves. Fabio Scala from FurtherAfrica spoke to Aderonke Alex-Adedipe, a partner of Pavestones Nigeria to understand how the upcoming regulations will impact the market, particularly in regards to crowdfunding platforms and the eligibility and limitations companies may see in effect once the crisis is over.…

Rethinking Business In Response To COVID-19

In anticipation of an extreme business environment brought about by the Coronavirus, various players in the African region are rolling out rescue plans for businesses. Economists have voiced their concerns of an extremely difficult economic situation and have urged players to brace for a rough 2020.

Heeding such calls is EquaLife Capital, the East African based fund managers which has announced plans to roll out a $20MM Africa Venture Debt Relief Fund by April 15th for venture businesses starting with a preliminary focus on the East African region.

“The Relief Fund is created and structured by entrepreneurs for entrepreneurs as we understand the need to act quickly to ensure businesses can survive, and then thrive again, minimizing impact and economic development opportunity lost to unforeseen business cycle pressures,” a statement calling for international venture capitalist read.

“The Relief Fund will provide short-term debt on concessional venture debt terms by utilizing