Investments in African startups double
Seed-stage investing is on the rise globally, accounting for 67% of all venture capital (VC) funds in North America and increasing 19-fold in Europe. According to PwC and the National Venture Capital Association, venture capitalists invested $48.3bn in US startups last year, the biggest level of investment since the dotcom bubble burst in 2001.
Kenya: U.S. Investors to Seek County Deals
A group of US investors attending the sixth Global Entrepreneurship Summit have expressed interest in seeking business opportunities and partnerships outside Nairobi.
Obama calls for more intra-Africa trade
Barack Obama has called for an increase in intra-African trade alongside a renewed economic engagement with the United States, arguing that countries on the continent can do much more to build links with neighbouring states.
UN boosts trade presence in East Africa
The UN is opening a new trade office in Ethiopia in a bid to boost lagging commerce between African nations.
Addis Ababa will play host to a regional office of the United Nations Conference on Trade and Development, which will disburse advice to policymakers and other professionals.
