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 clears accession to two international nuclear safety conventions
21:03
-
Egyptian Edtech Firm Qualiphi Links Universities to Job Market Needs
20:55
-
Nigeria Moves to Coordinate Cybersecurity Response Amid Rising Threats
20:51
-
Côte d’Ivoire Ratifies Agreement to Host Shelter-Afrique Development Bank
20:50
-
Dave Glass Builds Electrum Platform to Modernize Banking Payments
20:45
-
Senegal Rolls Out Digital Waste Initiative with Regional Ambition
20:40
-
Côte d’Ivoire Ratifies Bilateral Tax Agreement with Qatar
20:28
-
Togo deploys 400 boreholes, digital tools to support irrigation farming
20:16
-
Central African Republic Signs $98 Million Agricultural Mechanization Agreement
19:56
-
Cameroon, Switzerland Sign MoU Positioning Obala Institute as Central Africa Agri-Research Hub
19:12
Operator explores renewable energy partnership with Italy’s Ascot Energy Move aims to stabilize p...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
First investor town hall since 2021 signals renewed engagement with markets Authorities hi...
Arise IIP plans to invest more than $3 billion in Kenya over five years The company wi...
Efforts to reinforce health systems are gaining pace across Africa, with this week’s developments fo...
Côte d’Ivoire ratifies tax agreement with Qatar to avoid double taxation Deal strengthens trade ties and improves tax transparency, cooperation Move...
Togo launches irrigation project with 400 boreholes under ProMIFA Initiative includes training, digital tools, and community management systems Aims...
CAR signs $98 million mechanization deal with UK-based DSR Group Programme to deploy tractors, equipment, and expand agro-processing...
Starlink agora é autorizado no Senegal, mas redes informais continuam a proliferar em várias localidades. A ARTP alerta que estas práticas constituem uma...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...
RFI confirmed the end of “Couleurs Tropicales” following Claudy Siar’s departure after 31 years. The move follows a series of high-profile exits...