Africa is finally coming of age
We believe Africa is poised to undergo an economic transformation much like that of Southeast Asia over the past decade, and at present venture financing in Africa is tracking roughly 5 years behind.
Source: Africa Deals Database by Maxime Bayen, CB Insights, and Oui Capital analysis.
- A growing youth population, that is becoming increasingly digitally native.
Source: The Brookings Institution.
- Falling mobile internet data costs, which is likely to increase usage.
Source: Alliance for Affordable Internet.
- Increasing corporate VC and M&A activity, pointing to improving investor sentiment.
Source: TechCrunch and Ventureburn.