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African startups show signs of growth

Olusegun Abolaji Ogundeji | Dec. 23, 2014
African Internet, software and ecommerce startups are meeting increasing success in obtaining early-stage funding and generating revenue, according to a report from by startup funding initiative VC4Africa.

The survey was sent to 1,300 entrepreneurs and 257 entrepreneurs responded; of the 600 investors that participated, 71 responded. On issues considered before making investments, investors cited management and team as the most important factors they consider. A country's level of economic growth and size of market are the most important factors when deciding where to invest.


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