The total private capital deal in Africa dropped for the first time in seven years, according to the latest African Private Capital Activity report.
The report by the African Private Capital Association (AVCA) shows that the volume of deals dropped by 28 percent to 450 deals in 2023 from 627 deal
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Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
