Around 70% of investors in the latest round also participated in the prior institutional fund, signaling strong continuity and confidence.

Even as large rounds cool, Africa’s core markets remain resilient with local GPs playing a crucial role in sustaining deal flow.

The government’s direct participation in a major private VC fund could bridge policy ambition with practical capital deployment, boosting investor confidence and attracting regional and international investment.

If successful, the initiative could become a blueprint for government participation in Africa’s startup economy, derisking private investment and fostering a sustainable, homegrown ecosystem.

Nigeria’s $2.25 billion Eurobond was vastly oversubscribed, drawing over $13 billion in demand, underscoring strong appetite for Nigerian debt across tenors.

Africa’s growing population and expanding digital markets create substantial venture opportunities, positioning Ventures Platform to catalyze startup potential across the continent.

Ventures Platform is expanding its Africa footprint with a focus on fintech, healthtech, agritech, edtech, and AI, and will lead and facilitate Series A investments in addition to early-stage funding.

Prominent backers include development finance institutions like British International Investment, IFC, Standard Bank, Proparco, the Nigeria iDICE program, and high-profile global investors such as Michael Seibel and Alder Tree Investment.

A parliamentary committee urges action to reduce sabotage, including ceding abandoned wells to NUPRC and directing them to modular refineries, with the Senate President pledging to consider the final report and continue investigations.

The initiative demonstrates a model for government-backed, market-driven capital to catalyze growth in Africa rather than relying solely on grants.

Chapel Hill Denham facilitated a debt issue to finance Nigeria’s 2025 budget deficit; the deal was oversubscribed, signaling investor confidence amid easing inflation and rate cuts, with potential support from fiscal reform plans and multiple borrowing instruments.

The investment thesis centers on patient capital and leveraging local market context to translate growth in demographics and internet access into venture outcomes, aiming to attract more institutional capital and scale African startups.