African startups are raising unprecedented amounts. What next?

Save time by listening to our audio articles as you multitaskSuch attitudes are rarer these days. Last year 604 African startups raised a total of $5.2bn, according to the African Private Equity and Venture Capital Association , an industry group. This was more than the total invested in the seven preceding years . Though just a fraction of the $600bn invested globally byfunds, it was a sign of changing attitudes towards a continent that lacks capital and needs more businesses.

Capital may soon be harder to come by. “Fundraising will be much tougher,” says Marlon Chigwende of Admaius Capital Partners, a fund based in Rwanda. “Africa ends up being one of the last places to look and one of the first places that will get pulled back.” That may end up being the case, but there is not yet a slowdown.

Now they need to develop their fossil energy reserves to put that capital to good use. Intermittent renewable energy is fundamentally destabilizing to a grid. Telling Africa to live in the dark is a non-starter even the economist should be able to cipher.

Amazon is coming to Nigeria will over take Jumia pretty soon

What's next is more of them! Great news! Keep it coming!

Take note Andile was right 😹😹😹

Unicorns transitioning to the public markets without speculative BS needs to show solid profit, solvency and a viable business plan. Accurately presented to the public so that investors make well informed decisions. In speculative bubbles, no one knows what the stock prices mean.

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