Innovative region: Africa
Corporate venturing is nascent in Africa. Relatively few countries have hosted a corporate venture capital deal, and those that do tend to be concentrated in Kenya, Ivory Coast, Nigeria, Ghana, and South Africa – “Kings”. While capital markets and private equity are well established across Africa, corporate venture capital has lagged behind, despite having in South Africa-based media group Naspers one of the world’s largest and most successful venturing units, having backed Chinese internet group Tencent.
“Corporate venture capital is…
