African origin investors play significant role in the continent’s venture capital scene in 2023
Tuesday, 26 March 2024 14:06
The report points out that the African continent as a whole has coped better than any other region in the world with the downturn in the venture capital market, which has been triggered by economic uncertainties and global geopolitical tensions.
African-based investors accounted for 29.4% of all players in the venture capital industry who funded African startups in 2023. This represents a noticeable increase from 23% in 2022, according to a report released on March 19 by the African Private Equity and Venture Capital Association (AVCA).
Live News
-
Togo Updates Aquaculture Legal Framework to Support Sector Growth
19:16
-
Rwanda Secures $78.5 Million IFAD Funding to Modernize Agriculture
18:12
-
DRC central bank to roll out Bloomberg FX platform to address exchange rate gaps
17:44
-
Kenya Seeks Cybersecurity Partnership with Romania’s Safetech Amid Surge in Attacks
17:34
-
Pikelo Founder Miranda Anya Targets Oral English Gaps with AI Coaching
17:31
-
Cameroonian Entrepreneur Wilfired Djopa Launches Genuka to Automate SME Retail Operations
17:28
-
Uganda Signs ICT and Blockchain Partnership to Boost Skills Training and Jobs
17:19
-
Standard Chartered Books $10 Million Loss on Divestment in Cameroon and Gambia
15:31
-
Cameroon Seeks AfDB and ATIDI Guarantees for CFA585bn Market Borrowing
14:02
-
Atlantic Group Steps Up Investment in Cameroon’s Growing Cement Market
13:49
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan wit...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
BOAD appointed Adji Sokhna M’Baye as Chief Executive Officer of BOAD Market Solutions, its new str...
Algeria plans to launch construction of the $13 billion Trans-Saharan Gas Pipeline (TSGP) a...
Togo initiated a revision of its aquaculture legal framework to align with production, investment, and biosafety needs. National production reached...
IFAD approved $78.5 million to support Rwanda’s agricultural transformation and climate resilience. Agriculture employs about 64.5% of...
Zambia signs deal for 118 MWp solar plant in Southern Province. Project aims to diversify power mix and reduce hydropower risks. Solar...
Mwanza–Isaka SGR segment reaches 68% completion. Project is final lot of phase one linking Dar es Salaam to Mwanza. Rail upgrade aims to cut...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...