African venture capital investments fell by 43% in H

Venture capital investments in Africa fell by 43% year-on-year in the first half of this year according to a report published by venture capital body AVCA – the African Private Capital Association. This is against a backdrop of relatively strong fundraising by African venture capital fund managers in 2022. According to AVCA, Venture capital investors thus appear to be adopting a cautious approach to capital deployment, given the significant degree of market uncertainty which show no signs of immediate resolution.