AVCA – The Commerce Africa https://thecommerceafrica.com African Reneissance Tue, 30 Jun 2020 07:27:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.9 Africa Nets $1.4billion in Venture Capital in 2019 https://thecommerceafrica.com/africa-nets-1-4billion-in-venture-capital-in-2019/ https://thecommerceafrica.com/africa-nets-1-4billion-in-venture-capital-in-2019/#respond Tue, 30 Jun 2020 07:27:39 +0000 http://thecommerceafrica.com/?p=756 Last year, the number and size of venture capital transactions in Africa increased. According to a recent report by the African Private Equity and Venture Capital Association (AVCA), the number reached 139 in 2019, up from 114 the previous year, and the amount was $1.4 billion, up from $0.7 billion in 2018.

Over the 2014-2019 period, Africa attracted a total of $3.9 billion in 613 VC transactions. The southern part of the continent accounted for 25% of the transactions in terms of number, followed by East Africa (23%) and West Africa (21%). The top five countries, respectively South Africa, Kenya, Nigeria, Egypt, and Ghana, accounted for 65% of the number of deals.

It should be noted that most of the funds were invested in consumer goods companies, companies providing financial services, and the industrial sector.

Ecofin Agency

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