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 Lawmakers Approve Green Reform Bill Introducing Carbon Tax
19:59
-
Two Agriculture Projects Launch to Strengthen Climate Resilience in Northern Cameroon
19:41
-
Cameroon Weighs Co-Financing Plan to Link Youth Plantain Farmers to Markets and Financial Access
19:38
-
Nigeria’s Port Traffic Rises 24.8% in 2025, Lekki Port Handles 40.6% of Cargo
19:28
-
Meriam Bessa Uses AI to Restructure Influencer Marketing in Morocco
04:40
-
Orange Business Partners With Dakar Port to Advance Smart Port Strategy
04:37
-
Smart Africa, MeetKai Launch Sovereign AI Infrastructure Pilot in Five African Countries
04:24
-
Telemedicine Startup Kénèya Koura Seeks to Modernize Mali’s Healthcare System
04:18
-
Togo raises 22 bln CFA francs on regional debt market
17:16
-
Luxembourg, through LuxDev, to finance higher education projects in Togo
13:26
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
Germany funds €4m agriculture, soil health projects in northern Cameroon RESEAU and Soil Matters aim to boost climate resilience Projects promote...
Cameroon considers programme incubating 20 youth in plantain agribusiness Initiative links plantations to markets, financing, and banking...
Nigerian ports handled 129.3 million tons of cargo in 2025 Container traffic rose 25.7% to over 2.1 million TEUs Lekki Port handled 40.6% of cargo as...
East Africa processed 38,500 tons of cashews in 2025, up 5% Tanzania led growth, processing 20,000 tons, 52% regional share Processing capacity...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...