Gains beyond the current exuberance

In 2019, it took African companies 46 weeks to reach their first billion dollars of raise while in 2021, it took 21 weeks. Predictions for 2022 are at just over 7 weeks. While this highlights that exuberance and fundraising for and on the continent exists, it does not necessarily indicate that we’re building businesses or capacity building for this century and the century beyond.