Highlighting Bayern Munich’s renewed partnership efforts in Rwanda’s tech sector.
Venture capital activity in southern Africa hit new highs last year, with $180 million invested across a record 224 deals—a 17% rise in deal volume compared to the previous year. According to the Southern African Venture Capital and Private Equity Association, the total value of active VC investments grew 25% to $745 million, signaling strong momentum. However, average equity deal sizes fell by 20%. Tech startups, particularly in software and fintech, dominated the scene, attracting two-thirds of the funding, while healthcare ventures secured a fifth. South Africa’s Western Cape led in deal count, securing over half of all investments, followed by Gauteng at 27%. Despite the surge in activity, the year recorded the lowest exit rates on record, potentially hinting at longer investment horizons.
CNBC