EP29: Africa Tech Funding, Growth and Expansion with Laurien Field – Global Head, Startup Catalyst at IFC, Tingting Peng – Chief Capital, Strategy, & Impact Officer at Moove, Victor Alade – CEO & Co-founder at Raenest, Nina Triantis – Global Head of TMT at Standard Bank, Frannie Tyner- Director of Corporate Development at Onafriq & moderated by Adewale Yusuf – Co-Founder & CEO at TalentQL

Africa Tech Summit panel session on Africa Tech Funding, Growth and Expansion featuring insights.

Laurien Field – Global Head, Startup Catalyst at IFC
Tingting Peng – Chief Capital, Strategy, and Impact Officer at Moove
Victor Alade – CEO and Co-founder at Raenest
Nina Triantis – Global Head of TMT at Standard Bank
Frannie Tyner- Director of Corporate Development at Onafriq
Moderated by Adewale Yusuf – Co-Founder & CEO at TalentQL

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The session highlights the shift in funding criteria, with higher expectations for company quality amidst the market’s volatility and macroeconomic shocks over the past 12 months. Despite this, there is pressure on VCs and growth equity funds to deploy capital, which is expected to lead to a reopening of capital flows over the next 12-18 months.
Regulatory instability in major African markets, such as Nigeria and Egypt, and the challenges of currency conversion are significant hurdles. However, there is optimism that increased funding and strategic exits could rejuvenate interest and investment in African startups, particularly if positive stories and stability are promoted. Additionally, while traditional private equity and debt financing continue to play roles, innovative funding structures and thematic investments are emerging as critical tools for supporting growth in this complex environment.