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
-
Airtel Africa Shifts Leadership, Names Gopal Vittal Chairman
12:31
-
Namibia’s Haib Project Expands Potential With Addition of Gold
12:25
-
Zimbabwe Launches $5 Million Plan to Expand Fish Farming Capacity
12:21
-
Australian Junior Miner Makor Plans Up to $30 Million for Copper in Zambia
12:20
-
Thirty Cameroonians selected for the 2026 cohort of Tony Elumelu Foundation Programme
11:56
-
Nigerian Entrepreneur Lloyd Adiele Drives Cross-Border Payments Innovation
15:47
-
Saad Jittou Builds Integrated Transport Solution with Weego
15:36
-
Burkina Faso Advances AI Strategy with Focus on Local Languages
15:34
-
Ethiopia Unveils Smart Police Station to Digitize Public Services
15:31
-
Togo, Turkey sign education agreement to support training and mobility
13:36
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
Koryx adds gold and molybdenum to Haib resource estimate Update points to stronger profitability and longer mine life New prefeasibility study...
Five-year strategy targets stronger production and market structure Project backed by EU and Germany to improve inputs and cold chain Plan aims to...
Australian junior plans phased investment across multiple copper projects Initial $2–3 million to fund exploration through 2026 Strategy aligns...
Demand for developers rises globally, driven by digital transformation Salaries and opportunities expand, including remote work for African...
AI forces newsrooms to balance automation with credibility and trust Agentic AI boosts efficiency but risks scaling disinformation...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...