Financial & Investment
Africa venture capital after the reset: what investors now back
Funding has recovered from its 2023-24 trough, but it is concentrated, debt-heavy and selective. Hard-currency revenue and efficiency now win rounds. The report sets out the considerations and practical implications discussed in the article.
- Format
- PDF · 15 pages
- Published
- Published Oct 2026
- Article
- Read the article
What's inside
- 01The recovery is real but smaller than the 2021-22 peak, and trackers disagree
- 02Debt is now the fastest-growing source of capital
- 03Four markets and four sectors take most of the capital
- 04Currency risk is the unwritten clause in every term sheet
- 05Investors now pay for unit economics and a credible path to profit