Mark Zuckerberg’s newly formed $48 billion venture, the ‘Chan Zuckerberg Initiative’, has announced its first lead investment of $24 million dollars in African start-up Andela. Not only does Andela now have the internet’s most powerful man backing them, but GV (formerly Google Ventures) is also in on the investment!
In 2015 alone, African startups received over $185m of funding. The lion’s share came to rest in the laps of South Africa, Nigeria and Kenya – the countries with the highest startup activity. No longer heavily reliant on grants or foreign donor funding, equity investment is on the rise on the continent. This begs the question – which route should […]