Nigeria’s fintech sector attracted the highest private equity and venture capital deals in the last five years, according to data obtained from Africa Private Equity and Venture Capital Association (AVCA).
Driven by venture capital deals and investments in infrastructure space, AVCA’s report showed Africa recorded a historic high of 429 private capitals in 2021 with a total reported value of $7.4 billion.
This value surpassed the previous record of $4.8 billion reached in 2017 and represents an 85 percent increase compared to the historical annual average deal value over the period 2016-2020 ($4 billion)…
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