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Players and powerhouses shaping Africa's VC landscape

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Despite 2023 marking the first decline in the volume and value of venture capital investment in Africa after a decade of growth, a
The article from BusinessDay discusses the evolving venture capital (VC) landscape in Africa, highlighting key players and trends. It notes the significant growth in startup funding, with Africa attracting over $5 billion in venture capital in recent years. The piece profiles influential VC firms like Partech Africa, which has invested in numerous tech startups, and Novastar Ventures, focusing on impact investments. It also mentions the rise of local funds such as TLcom Capital and the increasing involvement of international investors like Tiger Global and Sequoia Capital. The article underscores the importance of sectors like fintech, agritech, and health tech, which are receiving substantial investments due to their potential for scalability and impact. Additionally, it touches on the challenges such as regulatory environments, exit strategies, and the need for more local capital to sustain the growth of the ecosystem. The narrative also emphasizes the role of accelerators, incubators, and government policies in nurturing the startup environment across the continent.

Read the Full businessday Article at [ https://businessday.ng/life-arts/article/players-and-powerhouses-shaping-africas-vc-landscape/ ]


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