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Africa remains safe haven for investors

 In spite of low investment profile,
Africa remains the best destination for capital venture investment,
owing to its relatively low investment risk.
Africa enjoys a paltry $0.5 billion
investment profile, compared to US yearly venture capital investments of
$70 billion, China’s $70 billion and Europe’s $20 billion.
The Founder and Managing Partner of TLcom
Venture Capital, Mr. Maurizio Caio, and Senior Partner TLcom Venture
Capital, Dr. Omobola Johnson, who appeared on The Morning Show on ARISE
TV made analysis.
They spoke on venture capital funding for up-coming entrepreneurs and technology startups on Tuesday and said funding remained a huge challenge for up-coming businesses in Africa.
They said, however, that Venture
Capitalists could still find Africa as the best continent to invest
their monies because of the low risk involved in investing in Africa,
coupled with the pool of talented young entrepreneurs who
are technology savvy and are ready to do great exploits in using
technology to address specific African challenges.
Johnson said TLcom was established about
five years ago, but has within a short period of time, invested in
up-coming companies in Nigeria and Kenya that have proved to be
commercially viable.

According Caio, although money could be a
huge challenge for young companies in Africa, they should rather focus
on developing their business model into solution that will address
specific challenges, than focusing on initial
capital, which he said was not the ultimate.
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