Photo: Africanews
Recent years have been a rollercoaster for Africa’s venture capital scene. Investments in African startups surged from $1.3 billion to $4 billion between 2019 and 2021.
This was due to global interest and low interest rates. However, in 2023, investments dropped to $2.27 billion, similar to pre-2016 levels. Eghosa Omoigui from EchoVC shared this insight.
As the funding environment undergoes a transformation, African startups and investors are facing a myriad of challenges. READ MORE…
The post Africa’s Venture Capital Landscape Faces Challenges appeared first on Black Star News.
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