Decline in Venture Capital Exits in Africa: Insights from the H1 2024 Venture Investment Report
- Africa's venture capital landscape experienced a 40% decrease in exits compared to the first half of 2023.
- South Africa accounted for nearly half of the total exits in the region, showing a significant increase in its share.
- The E-commerce/Retail sector recorded no exits, while the FinTech and Enterprise Software sectors accounted for 22% of all exits.
The downturn in Africa's venture capital landscape in the first half of 2024 reflects the global and regional trends. However, the concentration of exits in sectors like FinTech and Enterprise Software indicates a promising long-term outlook for the market. Investors may be adopting a cautious approach due to economic uncertainties, but as the global economy stabilizes, Africa's VC market is expected to see a resurgence.
