These figures meant African tech saw a reset of sorts, as the global capital shortage began to bite. Wim van der Beek, founder and managing partner at Goodwell Investments, says there has been a fundamental change in the availability of liquidity taking place over the last few years. “Africa itself has been going through tough times and the African markets have not been able to show sufficient returns for those global capital allocators. And that is something that will help this ecosystem once things go up again,” van der Beek said. van der Beek agrees things seem to be improving.

Source: The North Africa Journal July 29, 2024 12:12 UTC