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Discover how Africa defies global trends, attracting $5.4 billion in VC amidst a market downturn. Check out the insights from AVCA - The African Private Capital Association's 2023 Venture Capital report. #AfricaVC #InvestmentTrends #EconomicGrowth

Successful exits on the horizon for Africa’s VC sector https://lnkd.in/edrrNttt Despite a challenging 2023 for Africa's venture capital (VC) ecosystem, marked by political challenges, sluggish growth, and reduced access to funding, the sector is now poised for recovery. As investor withdrawals shook the market, African VCs demonstrated the power of collaboration with portfolio companies and aligned co-investors, highlighting pathways to successful exits. According to Southern African Venture Capital & Private Equity Association (SAVCA) CEO Tshepiso Kobile, who addressed over 200 key industry stakeholders at the 2024 SAVCA VC Conference, “Synergy with Collaboration” is the driving theme for fostering growth in the VC space. The discussions provided a valuable glimpse into the evolving funding landscape and the importance of co-investment in ensuring successful outcomes.

TLcom Capital LLP, the Africa-focused venture capital firm, today announced the final close of its TIDE Africa Fund II at $154 million. At more than twice the size of TLcom Capital’s first fund, TIDE Africa Fund II is oversubscribed and sees participation from several new LPs alongside returning LPs from the firm’s first Africa-focused fund. These include the European Investment Bank (EIB); Allianz and DEG Impact’s joint venture, AfricaGrow; Visa Foundation; and Bertelsmann. Read the full article here: https://lnkd.in/dkKyGWrA * Subscribe to Africa Private Equity News’ monthly Dealmaker’s Log for a database of the reported investment deals, exits and fundraising closes. Click here for more information: https://lnkd.in/duy5dWPs Ido Sum Omobola Johnson Andreata Muforo Maurizio Caio Eloho Omame

National venture capital funds are rare in Africa, but where they exist, they have demonstrated effectiveness. #venturecapitalZimbabwe #StartupAfrica #InvestorsAfrica https://lnkd.in/dh8eqjaJ

Number of African VC deals decrease in 2023 - report by Africa Global Funds For the first time in almost a decade of consistently strong growth, the number of venture capital deals in Africa decreased by 31% YoY, according to

#GLOBALSOUTHALERT – : #BANK STANDS TO LOOSE FOR FAILURE TO KEEP PROPER RECORD OF CUSTOMER ACCOUNT TRANSACTIONS – "Any bank which fails to keep proper records of accounts cannot sustain an ascertainable claim against a customer. ( See: Ezekiel Osugo Angwenyi & Another Vs. National Industrial Credit Bank Limited (2007) eKLR ]" FOR MORE DETAILS: https://lnkd.in/dd5Bkx7c In Excellent Assorted Manufacturers Ltd & Anor Vs DFCU Bank Limited & Anor, Pg 81, Hon. Mr. Justice Boniface Wamala had the following important observation on that point as cited below: . "It appears to me that the use of the URA receipt to explain this transaction is an attempt by the 1st Defendant to use any available documents that appear to be proximate in time to explain certain transactions even when there is no nexus between the documents. I find this trend unacceptable. Simply because a payment was done around the time the queried transaction was effected cannot be used as evidence to explain the query. Relying on a decision to which this court was referred by Counsel for the Plaintiffs, I agree that a Court of law cannot determine issues of accounts based on guesswork. TAGLINE: "#TREASURE THE #PEARL , RIDE #SPECIAL #MOBILITY." LINK: https://lnkd.in/dQeAywjs VISION STATEMENT: "WHOLE BUSINESS SECURITIZATION (#WBS) FOR #AFRICA AND #BEYOND."

Number of African VC deals decrease in 2023 - report by Africa Global Funds For the first time in almost a decade of consistently strong growth, the number of venture capital deals in Africa decreased by 31% YoY, according to

#GLOBALSOUTHALERT: #MORTGAGEE (TYPICALLY A LENDER SUCH AS A #BANK) NOT A #TRUSTEE FOR THE #MORTGAGOR (#BORROWER) –"It is well settled that a mortgagee is not a trustee of a power of sale for the mortgagor. Once the power has accrued, the mortgagee is entitled to exercise it for his own purposes whenever he chooses to do so. It matters not that the moment may be unpropitious and that by waiting a higher price could be obtained. He has the right to realize his security by turning it into money when he likes. [ See: Cuckmere Brick Co. Ltd Vs Mutual Finance Ltd [1971] Ch. 949 ] ; FOR FURTHER DETAILS, CLICK LINK: https://lnkd.in/egccdq4d TAGLINE: "#TREASURE THE #PEARL , RIDE #SPECIAL #MOBILITY." LINK: https://lnkd.in/dQeAywjs VISION STATEMENT: "WHOLE BUSINESS SECURITIZATION (#WBS) FOR #AFRICA AND #BEYOND

Africa’s largest early-stage VC fund exceeds target! TLcom Capital LLP has closed the TIDE Africa Fund II at US$154mn, complete with new high-profile LPs alongside returning ones. The fund, which is more than twice the size of the firm’s first fund, is believed the be the continent’s largest early-stage venture capital fund and will make initial investments of US$1mn-US$3mn while maintaining significant follow-on capacity to support strong portfolio performers into their growth stages. “With this final close, we’re thrilled that TLcom is in an even stronger position to continue to partner with Africa’s most talented entrepreneurs from early in their company-building journeys,” said TLcom’s founder and managing partner, Maurizio Caio. “We’re also excited to spend more time in the Egyptian ecosystem, co-investing alongside the most active local funds.” Learn more about the fund and the participants subscribed at: https://lnkd.in/eqikcH6H #VentureCapital #AfricaEntrepreneurs #TIDEAfricaFundII #AfricaStartup

Venture capital plummets in Africa, down to $4.5B in 2023, indicating market challenges and a shift in investor focus towards resilient sectors. #AfricaTech #VentureCapital #MarketTrends