Tuesday
November 3
2020

How Tech Investors in Africa Coped With the Changes Enforced by COVID-19

By Tom Jackson

COVID-19 has changed everything, everywhere, not least how tech investors in Africa operate.

Last week’s virtual Africa Tech Summit Connects event brought together a host of African tech investors to discuss trends, challenges and opportunities in the wake of COVID-19, and all agreed that the way they do business has been altered by the pandemic.

“The pandemic has changed the way people do business, it has changed the way people look at opportunities, and fundamentally it has changed the way investors are evaluating opportunities,” said Dotun Olowoporoku, associate director at Novastar Ventures.

At the beginning of the crisis, the focus of all investment firms was on ensuring their portfolio companies were equipped to deal with the effects of the pandemic.

Photo courtesy of Andrew Magill

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

Categories
Coronavirus, Entrepreneurship, Technology
Tags
business development, coronavirus, entrepreneurship, LMICs, startups, technology