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AFRICAN STARTUPS SHIFT TO DOMESTIC FUNDING AS VC FLOWS TO US AI

African startups are turning to local pension funds and regional venture capital firms as global investment capital concentrates on the US artificial intelligence boom. The shift reflects a broader reallocation of venture funding away from the continent.

1 SOURCEFIRST SEEN MAY 28, 08:45 AM► READ THE ARTICLE

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As the US AI boom drains venture capital from Africa, startups on the continent are pivoting to domestic funding sources, like pension funds and local VC firms (Rivaldo Jantjies/Bloomberg)

Rivaldo Jantjies / Bloomberg: As the US AI boom drains venture capital from Africa, startups on the continent are pivoti…

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