African funds raised $4-billion in 2024 — double the value from a year earlier — to invest in start-ups and infrastructure projects.
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Venture capital funding for African start-ups shrank again last year, though the share of homegrown investors advanced.
The investment by UK-based private equity firm Permira into one of sub-Saharan Africa’s biggest data centre companies, Teraco Data Environments, is another marker that private equity players in Europe and the US are taking investing in South African and Africa