OUR PRIORITY REGION

Africa's population, which is larger than most developed economies, allows for opportunities of scale and expansion of businesses.

By 2050, over 25% of the world's population will be in Africa. Africa's working population is expected to surpass that of China and India by 2032 and 2036 respectively. 

Mobile users in Africa will soon reach over half a billion. When this milestone was crossed in China, 100 unicorns emerged within five years. Despite existing restrictions, mobile money businesses are already generating more revenue than bank payment businesses.

Fundraising by African startups has shown a significant upward trend, growing by 150% in the first half of 2022, outpacing other regions. This rise in fundraising also brings an increase in the number of strategic exits.

In 2023, African tech faced a period of adjustment, as observed by Disrupt Africa. Although there was a decline in the number of funded ventures and the total amount raised, marking the first drop since 2016, opportunities for capital appreciation remain strong.