Too many fundraises, not enough returns: The story of African tech
- The Pan-African View of Tech Returns and Exits panel discussed the challenges African startups face in achieving liquidity events.
- In 2023, only 30 exits were recorded across Africa, compared to 83 in Southeast Asia and 178 in Japan.
- Panelists emphasized the need for better governance and financial discipline among founders to attract strategic exits.
The discussion underscores a critical gap in the African startup ecosystem where despite the influx of capital, the lack of structured exits hampers growth. It raises the question of how investors and founders can collaboratively design strategies that prioritize liquidity events, ensuring a sustainable financial environment for future ventures.
