Thursday
July 21
2022

Black-Owned Startups Face Funding Gap in South Africa, Report Says

By Tom Jackson

Black-owned tech startups in South Africa face a funding gap not experienced by their white-owned counterparts, according to a provisional report by the country’s competition regulator the Competition Commission (CompCom).

The CompCom report, which is generally focused on dominance abuse and anti-competitive behaviour with regard to B2C platforms in South Africa, looked at the extent to which “historically disadvantaged persons” (HDPs) were excluded within parts of the digital ecosystem.

Photo courtesy of Christina @ wocintechchat.com.

Source: Disrupt Africa (link opens in a new window)

Categories
Entrepreneurship, Technology
Tags
digital inclusion, entrepreneurship, funding, income inequality, startups, tech, technology