Africa-focused funds find their feet amid a downturn
Partech Africa II and Africa People + Planet fund emerged as notable VC funds in Africa last year. African venture capital and private equity fund managers secured $2.4 billion across 43 deals in 2023.
African VCs and startups are eyeing the Middle East for new capital, but there’s a catch
African startup funding has declined by over 50% compared to the previous year. The UAE has become a significant source of foreign capital for African startups, contributing 4% in 2022.
