Global VC funding has been cooling off in 2022, following an aggressive rally in the past two years. However, Africa has largely been an outlier in this trend by evading the slowdown; until the month of July. The month of July experienced a 20% drop from the amount raised in the same month in 2021;...
To combat climate change, trillions of dollars in climate investment must be leveraged; as well as climate change transparency and accountability in order to monitor and evaluate the effectiveness of climate finance. Transparency and accountability are pivotal due to the fundamental imbalance of power within and across nations. Improvement of both values is required to empower...
Since 2020, investment flows into the startup ecosystem in Africa has been at an all-time high; hitting USD 5.2 billion in 2021; as reported by the African Private Equity and Venture Capital Association (AVCA). Ticket sizes for later-stage investments have consistently crossed the USD 100 million mark; and we are starting to see the capital...
According to the Africa focused startup funding data platform The Big Deal, Kenya bagged more than 90% of all the startup funding that was invested in Eastern Africa from 2019 to May 2022. At USD 1.9 billion, Kenya received more than 10x the amount received by Tanzania over the same period at USD 152 million....
Venture capital funding activity in Africa has been on a steep rise in the past couple of years, with the startup ecosystem raising about USD 4.9 billion in 2021; according to the Africa Investment Report 2021 by Briter Bridges. The figure was about 3x the amount raised in 2020 and 2019 at about USD 1.7...
M&A activity in Kenya for the last three years saw key sectors deal closures and exits. The sectors included but not limited to; Financial services sector; DE La Rue Kenya Ltd (a subsidiary of De La Rue Plc) wholly acquired by American Company, HID Corporation Ltd. Banking sector; Kenya Commercial Bank (KCB) acquired National Bank...
In 2021, MarketForce made a 100% strategic acquisition of Digiduka in order to enhance their value propositions to their target customers; and achieve quicker scale for their merged operations. The deal was announced in June 2021; a month before MarketForce closed their pre-series A funding round of USD 2 million from a group of venture...
In 2021, the total value of merger and acquisitions (M&A) deals in Africa was about USD 58 billion. This fades in comparison with the global M&A deals value of USD 5.9 trillion the same year. With a GDP of USD 3.4 trillion, Africa has not yet attracted super huge M&A deal sizes. However, as specific...
A continental funding challenge Insufficient funding is flowing into the renewable energy sector in Africa. Commercial and development financiers agree that there are sufficient funds to finance the energy transition in Africa; however the continent faces challenges that are slowing down the rate of capital deployment into the clean energy sector. According to a report...
Smart Green Infrastructure (SGI) presents a huge investment opportunity globally, with an estimated USD100 trillion worth of climate action infrastructure required by 2030; in order to meet the Paris Agreement emissions reduction targets. However, there is a shortage of finance as well as a shortage of identifiable, investment-ready, and bankable projects. There is also lack...