Africa recorded a $1.4 billion decline in venture capital deals in the first six months of this year as global investors pulled out of big-ticket funding rounds.
The latest report by the African Private Capital Association (AVCA) shows that every investment stage suffered severe contractions by both volume and value, with only 263 VC deals completed in the continent’s venture ecosystem, allocating a total of $2.1 billion worth of capital to 258 unique companies.
