Venture Capitalism In Africa

I came across an article on American Chronicle titled “Why Africa May Never Produce a Microsoft, Google, Yahoo or Facebook.” by Mfonobong Nsehe.  It challenged the lack of venture capitalism in Africa and suggests that this adversely impacts the entrepreneurial spirit on the continent especially for students in universities.  It all proposes that this may impact the continents ability to produce mega-corporations.

I actually do agree with this assessment of the state of affairs but I do question how many ideas/innovations could really take off considering the energy problems that plague the continent.  It would seem that until energy crisis is resolved, digital growth will continue to be stymied.

So while we need the VCs to stand up, we also need our energy crisis solved.  Only then, will we see the growth that the continent is able to produce.

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About Ebenezer

culture hack. contrarian. change artiste. speaker. writer. silo-connector. entrepreneur. totally human. ff at your own risk. :-)
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One Response to Venture Capitalism In Africa

  1. munya says:

    Well the energy crisis is a challenge, but where there’s a will there’s a way. I agree with you that most African Entrepreneurs don’t take enough measures ensure that their business ideas are robust enough to withstand a basic due diligence exercise and quite often overvalue their contribution as the founder.

    Like

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