African Private Capital Association: VC inflows to Africa fell 22% YoY to $3.6B in 2024, after a 31% YoY drop in 2023; fintechs had 116 deals raising $1.4B (Ruth Olurounbi/Bloomberg)
Ruth Olurounbi / Bloomberg:
African Private Capital Association: VC inflows to Africa fell 22% YoY to $3.6B in 2024, after a 31% YoY drop in 2023; fintechs had 116 deals raising $1.4B — Venture capital funding for African startups shrank again last year, though the share of home-grown investors advanced.