Africa Startups Debt Financing Hit $1.55B In 2022

As the slowing economy in Africa has made equity funding extremely expensive and unaffordable, African startups have more than doubled the debt amount they raised in the past year. According to a report by venture capital firm Partech Partners, companies on the continent raised $1.55 billion in 71 debt deals in 2022, suggesting that it’s … Continue reading Africa Startups Debt Financing Hit $1.55B In 2022