TAG: Senegal
Africa has gradually worked its way up over the years to rank at the top of business and investor portfolios worldwide, and boasts some of the world’s fastest-growing economies. Long regarded as one of the most impoverished regions, Africa has produced a number of success stories in recent years, bringing with it an array of investors, businesses and jobs. But the arrival of the Covid-19 pandemic casts a grey cloud over what was a promising outlook for the year.
The pandemic has created an urgent need for more patient capital in Africa. With governments across the continent facing budgetary constraints while recognising the importance of investment in essential infrastructure and services, private equity (PE) and venture capital (VC) offer an attractive avenue for financial support.
