With recent announcements of new early-stage venture funds entering the African landscape and the ecstatic response from the continent’s tech space, one may believe this to be a rare occasion.
But it’s not.
Rather, venture capital has consistently grown over the past few years, ramping up from US$400 million in 2015 to US$2.02 billion in 2019.
So why do so many people have the impression that the African tech sector lacks capital?
Perhaps it’s not that many people actually know what’s going on in the Africa tech sector — and this appears to be part of a broader problem that plagues Africa; lack of data.
Highlights
📱 How lack of data impacts the tech sector
📃 Legislative consequences of insufficient data
🏗️ Building better data infrastructure
📊 Market-based solutions
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