Reuters |
African startups raised more in 2021 alone than the preceding seven years combined,” the African Private Equity and Venture Capital Association (AVCA), which promotes private investment on the continent, wrote in a report.
Much of the investor focus has been on fintech start-ups seeking to meet the needs of the continent’s largely unbanked population. The data compiled by AVCA showed the financial sector accounted for 60% of the investments by value and nearly a third of deals by volume…
