How Early-stage Venture Capital Firm, Saviu Ventures, Is Funding Francophone African Startups • Techpoint Africa

It can be argued that most of the progress made in the African startup space has been concentrated in one part of the continent. 

One legacy of colonialism in Africa is language, with the United Kingdom and France colonising most of the continent. As a result, English and French are two of the continent’s most widely spoken languages. 

That difference is also seen in the developmental gap between Francophone and Anglophone African countries, with the latter significantly ahead of the former. However, the gap has gradually closed as more startups have sprung up in this region in recent years. 

In 2019, the World Bank predicted that Francophone Africa would have 62.5% of Africa’s fastest-growing economies, and this year, Wave, a Senegalese startup, became Francophone Africa’s first Unicorn and Africa’s sixth.

Much of this growth has been aided by investors who have bet on startups in the region when investing in startups in English-speaking Africa would have represented a more promising option. One such investor is Saviu Ventures, an early-stage investor…

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