African Venture Funding Is Expected to Slow but Impact Investors Are Boosting Health and Agri-Tech Startups
By Yomi Kazeem
Between 2014 and 2019, 44% of venture capital deals recorded in African tech ecosystems included participation from at least one impact investor, data from Africa Private Equity and Venture Capital Association show.
With a slump in venture capital investment expected in African tech ecosystems this year, the role of impact investment firms and institutions will become vital. Essentially, it could prove a crucial lifeline for startups in Africa’s fledgling ecosystems given the expected economic crunch triggered by the Covid-19 pandemic.
Photo courtesy of Dominic Chavez.