Supporting high-potential innovative start-ups
Access to financing therefore remains one major obstacle for African start-ups, with less than 4% successfully able to finance themselves.
These start-ups, often created in response to unmet needs and demand in local markets, play a key role in job creation and promoting new economic models. They are thus a new and powerful development tool for Africa. The question of their financing is therefore crucial.
A double financing objective
A dedicated team
The magazine Private Sector & Development (SP&D) is a quarterly publication of Proparco's that aims to analyse and understand the mechanisms by which the private sector can contribute to the development of developing and emerging countries.
Devoting an issue of this review to venture capital and the universe of start-ups in Africa means taking an interest in a rapidly expanding market, understanding its key elements and evoking the potential negative externalities that can result from it. We wanted to give experts and passionate actors a platform from which to shaire their experiences with us.
The common thread throughout this issue is that development finance institutions (DFIs), such as Proparco, undoubtedly have a crucial role to play. For the Agence Française de Développement (AFD) Group, this requires complementary action. Thanks to AFD's prior work to set up an ecosystem conducive to the emergence of start-ups (through the creation of incubators, accelerators, etc.), Proparco will be able to, from its side, participate actively in financing these future "tech" champions in Africa.