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Seed Investment into African Startups Increased to 22% in 2020

2020 was a difficult year. COVID-19 and the various government-enforced lockdowns impacted every business sector. This led to mixed bag effects on Africa’s tech innovation and investment landscape.

In Sub-Saharan Africa, GDP output contracted by an estimated 3.7% and per
capita income declined by 6.1%. Foreign Direct Investment into Africa recorded a decline of about 18% to around $38bn from $46bn in 2019.

Similarly, VC investment into the continent declined by 29% to $1.43bn in 2020, according to a report by Partech.

Africa's Seed Investment Increased to 22% in 2020 but Value of  Equity Dropped

However, on the plus side, the number of total deals on the continent increased significantly, by 44%. The deals were also spread better across sectors and market on the continent

2020 breaks…

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