African start-ups attracted increased funding during the six months to June 30 this year, defying a difficult operating environment plagued by rising inflation, weakening currencies, and rising interest rates that have seen foreign investors shift capital from emerging and frontier economies.
Latest report by African Private Equity and Venture Capital Association (AVCA) shows that 445 venture capital (VC) deals valued at $3.52 billion were completed by 300 unique companies in the six months compared to 259 deals valued at Ksh1.57 million in the same period last year.
