Ripple Effect of SVB on African Tech
AFRICA-USA NOW

Ripple Effect of SVB on African Tech

2023-03-29
The recent failure of Silicon Valley Bank (SVB) sent shockwaves through the tech ecosystem. The collapse revealed links to Africa in the startup ecosystem where many Africa startups were clients of SVB, a rarity among American financial institutions. The bank saw the potential in African start-ups and facilitated investments between funders in America and founders in Africa. But how will this relationship change now that there are visible cracks in the system? We have an insightful episode this...
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