Seed Investment into African Startups Increased to 22% in 2020 but Value of Equity Dropped

2020 was a difficult year. COVID-19 and the various government-enforced lockdowns impacted every business sector. This led to mixed bag effects on Africa‚Äôs tech innovation and investment landscape. In Sub-Saharan Africa, GDP output contracted by an estimated 3.7% and percapita income declined by 6.1%. Foreign Direct Investment into Africa recorded a decline of about 18% … Continue reading Seed Investment into African Startups Increased to 22% in 2020 but Value of Equity Dropped