Digital Nomads: Why global mobility matters for investing in Africa

For venture capitalists, mobility is critical. In Europe or the United States, detailed reports and structured data are readily accessible. In Africa, where that data is not accessible on the same level, investing is more than reading spreadsheets.

Foreign investors often have to spend time on the ground to understand opportunities. Flying in with a chequebook and flying out neither builds conviction nor lasting relationships and often results in investment mistakes. For local investors, moving freely within Africa is crucial if a firm’s investment geography is pan-African, as what obtains in Nigeria hardly works in Kenya.

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