Africa-focused funds find their feet amid a downturn
- Partech Africa II and Africa People + Planet fund emerged as notable VC funds in Africa last year.
- African venture capital and private equity fund managers secured $2.4 billion across 43 deals in 2023.
- Investment opportunities in Africa for new funds and VCs include fintech and climate sectors.
The emergence of new funds and the continued investment in Africa's venture capital and private equity sectors indicate a positive outlook for the region. The focus on fintech and climate sectors aligns with the growing demand and potential for innovation in these areas. However, it is important for fund managers to consider the unique challenges and opportunities in the African market to ensure sustainable growth and impact.
