National venture capital funds are rare in Africa, but where they exist, they have demonstrated effectiveness.

International acquisitions typically show higher average values compared to domestic exits

This latest fund marks a substantial increase from Havaíc’s previous ventures.

Globally, Meta generated $75.5 million in revenue during the same period, with the remaining $8.4 million coming from regions outside of North America and Europe, including Africa, Latin America, and the Middle East.

Statista projects the Ghanaian digital payments market to reach $7.46 billion in 2024, with a projected CAGR (compound annual growth rate) of 14.81% leading to a market size of $12.96 billion by 2028.

Social media is abuzz with complaints about the sluggish internet, with some users directly appealing to Elon Musk, noting that even Starlink’s service has been affected.

The CLEAR Fund aims to bridge this gap by providing much-needed capital to African businesses working on climate solutions.

Previous investments that faltered include NetPeas, an IT services company that failed to deliver on its SaaS security solutions; Souk Affaires.ma...

The program, which has been instrumental in supporting African startups since 2018, has become a cornerstone of the region’s tech ecosystem.

Nestled in the Indian Ocean, amidst turquoise waters and volcanic peaks, lies Reunion Island,...

The startup specializes in providing advanced AI software designed to enhance financial decision-making processes, including credit scoring, cross-selling, dynamic pricing, and electronic Know Your Customer/Business (eKYC/eKYB) procedures.

In a subsequent funding round in September 2023, HUB2 received a €1.25 million equity investment from ESSOR PME La Réunion.