Venture Capital Firms Invested Record $5.2B in African Startups in 2021 – PYMNTS.com

Venture capital (VC) firms injected a record $5.2 billion into African startup firms in 2021, a nearly fivefold increase from 2020 levels, which dipped during the COVID-19 pandemic, according to a report by the African Private Equity and Venture Capital Association (AVCA). As Reuters reported Tuesday (April 19), the success of Nigeria’s Paystack, which was…