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Investors Fund Mzungu Startups In Africa Overlooking African Entrepreneurs

A significant portion of African venture capital deals are funded by North American investors, and by American dollars in particular. However, among the major well-funded startups originating on African soil, most are led by outsiders not native to Africa. In addition, foreign startups are more likely to receive investments from the world’s largest firms than startups founded by Black African locals.

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