Venture capital deal growth rates in Africa and the Middle East reached their third-highest level last year in nearly a decade, according to the latest Trends in Global Tech report from the Global Private Capital Association.
The report found that VC investments in the African continent reached $1.1bn in 2023, a 1000 per cent increase since the association began tracking data in 2016. Meanwhile the Middle East registered a $1.5bn in VC deal value last year, up 114 per cent from 2016.
The top 10 prime brokers serve the largest proportion of hedge funds, says S&P Global Ratings
Policy commitments not effectively translated into concrete actions
The lifting of the UK bankers’ bonus cap risks worsening the gender pay gap
A rise in investment and imposter scams has been aided by AI tools, says FTC
Lenders benefit from infrastructure project work at home and abroad while sharpening digital offerings
After a brief respite in 2022, Kuwait’s economy once again slips back into structural deficit
Bahrain’s minister of industry and commerce discusses how sustainability is being woven into the country’s industrial development strategy
Higher interest rates have boosted profitability, even as a competitive market weighs on net interest margins
The smallest economy in the Gulf is looking to build on closer US ties and a steady rise in FDI
About The Author
More Stories
The Shift in Peering Threatening the Internet’s Foundations
Remembering Alan Barrett: A Builder of the African Internet
From Email to Case Study: What We Learned About Connecting Refugee Communities in Just One Year