...Early-stage funding squeeze, as debt fills gap
Start-up funding in Africa fell to a 13-month low in April, as global investor caution continued to weigh on equity deals, forcing more companies to rely on debt financing to sustain operations and growth.
Data released by venture capital platform Africa: The Big Deal showed that 32 start-ups raised a combined $110 million in April through deals above $100,000. While this was an improvement from March’s 22 deals, it remained far below the 12-month monthly average
