The African Private Capital Association is the nexus of private capital in Africa, championing and enabling private capital investment in Africa.
Speakers marked the influence of rapidly emerging technologies shaping African innovation and driving the digital economy, creating new skills and increasing efficiency, such as artificial intelligence, blockchain and quantum computing. He added that in comparison to more developed markets such as Europe and the US, there is a lack of investors who understand how to finance deep tech in Africa.
Co-founder and Managing Partner, Novastar Ventures, Steve Beck, said private equity firms and Development Finance Institutions with dedicated VC teams had stepped in to partially fill the funding gaps, particularly in the early stages. “As we wrap up the conference in Johannesburg, we look forward to our next event in a city that has played an equally catalytic role in Africa’s investment landscape”.