Africa Venture Capital and Start-up Funding 2020 – Year End Review
How has start-up funding in Africa faired in 2020?
2020 has been a year like no other. But for business owners, start-up founders and entrepreneurs it is fair to say that their objectives haven’t changed; rather the environment, the means and the opportunity have been augmented. Prior to the publication of our 2020 funding report next year, our team wanted to bring you an early view of how VC investment in Africa has unfolded this year. So, what did we learn?
For many, this year may be one to forget – COVID-19 has battered industries across the globe, and the personal sacrifice by those working on the front-line as well as the emotional hardship caused through not seeing friends and family has taken its toll. However, 2020 has also been a year of adaptation and resilience. As reported in the Economist, a news service, COVID-19 has dominated the news. While it may be a somewhat flawed gauge of importance, the impact the pandemic will have reached almost every corner of the globe. Part of the reason the coronavirus demands so much attention is the material impact it has had on many facets of daily life.