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Venture capital investment in French-speaking Africa has ballooned in the last three years, driven by pandemic-era tech innovation and regulatory changes. https://t.co/Qw0wAUAoMk
Welcome to Semafor Africa! 🇿🇦 Renewable energy investment 🇸🇳 Funding Francophone tech 🇿🇦 S Africa economy contracts 🇳🇬 Exploring more gas 🇰🇪 Kenyan bank fears 🇳🇬 Cementing deals 🇰🇪 Researching footprints Read more: https://t.co/BtRPM2kGXl https://t.co/4g3swHn9u0
Venture capital investment in French-speaking Africa has ballooned in the last three years, driven by pandemic-era tech innovation and regulatory changes, @AVCA_Africa research seen exclusively by @SemaforAfrica shows. https://t.co/QIbPoTvHAL https://t.co/UOJlmcaDtG
African investors are increasingly stepping in to address a startup funding gap as the technology market in the region experiences a cooling period. A notable development in this landscape is HUB2, a fintech company from Ivory Coast, which has successfully raised $8.5 million in funding. This investment positions HUB2 as a potential leader in the region, aiming to become the 'Stripe for Francophone Africa.' The surge in venture capital investment in French-speaking Africa has been significant over the past three years, driven by innovations during the pandemic and favorable regulatory changes, according to research from the African Private Equity and Venture Capital Association (AVCA).
