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.