The East African | by James Anyanzwa
East Africa’s investments in startups declined by more than 50 percent in 2021, with deal activities falling by two percent, largely due to the impact of new restrictions imposed by governments to tame the spread of the third wave of the Covid-19 pandemic.
The latest Venture Capital in Africa report (April 2022) by the African Private Equity and Venture Capital Association (AVCA) shows that the value of funding raised by East African entrepreneurs as a proportion of total deal value in Africa fell by more than half to seven percent ($364 million) in 2021 from…
