you would expect investment in Africa’s extractive industries to be on the up. But, while there is still interest from major players — witness Shell’s contentious seismic blasting off SA’s east coast — commodities make up a smaller and smaller proportion of the continent’s foreign direct investment flow. In fact,Meanwhile, at the sharp end of the wedge are the growing number of technology-based start-ups receiving international funding.
In part, that is because Africa is set to be disproportionately affected by climate change. In fact, it already is, with thethat climate change is triggering food insecurity, poverty and displacement across the continent. There will be other effects too. Research released earlier in 2022 suggests a fifth of theRising oceans are not the only climate-based threat to Africa’s heritage sites either.
We have seen that with a number of our portfolio companies. Whether they are making recycled plastic goods that are stronger and of higher quality than those made with virgin plastic, or an online retailer eliminating large amounts of waste from its operations, all are making a difference in vital ways.
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