Africa Attracts $4.5bn Venture Capital, Debt Investments In 2023

Africa has attracted a combined $4.5 billion in venture capital and venture debt investment in 2023, across 603 deals.

This was contained in the African Private Capital Association (AVCA) 2023 Venture Capital in Africa Report, an industry-leading annual report on venture capital performance in Africa.

The report revealed that West Africa maintained the top spot for the third consecutive year, with Nigeria as the most active country both in the region and on the continent by deal volume.

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