There is a need for more “indigenous” investors to support early stage startups in Africa, while the whole ecosystem needs to come together to do more to ready the continent’s startups for taking on funding, according to panellists at the Africa Tech Summit Kigali. Stephen Gugu, founder and director of Viktoria Ventures, pointed to the high ratio of foreign founders raising funding for their “African” startups. Meanwhile, the panelists agreed more needs to be done to support startups in preparing to take on funding at the right time. “The support needs to be improved. The level of exposure African startups have to the funding world is lower than the developed world.

Source: The North Africa Journal February 26, 2018 09:21 UTC