We believe Africa is poised to undergo an economic transformation much like that of Southeast Asia over the past decade, and at present venture financing in Africa is tracking roughly 5 years behind.
Source: Africa Deals Database by Maxime Bayen, CB Insights, and Oui Capital analysis.
Underscoring this transformation are the three key catalysts:
- A growing youth population, that is becoming increasingly digitally native.
Source: The Brookings Institution.
- Falling mobile internet data costs, which is likely to increase usage.
Source: Alliance for Affordable Internet.
- Increasing corporate VC and M&A activity, pointing to improving investor sentiment.
Source: TechCrunch and Ventureburn.