African venture capital activity shows impressive spike in 2014

It’s been a good year for Africa’s startups. In terms of investment activity at least, data from one of the world’s most comprehensive startup databases, CrunchBase, shows that there’s been a huge increase within the last year, highlighting confidence.

With big investments from the likes of Naspers and Rocket Internet (or its African arm African Internet Group), the Nigerian ecommerce space makes up most of 2014′s fourth quarter activity, amounting to US$193M (over R2.2B).

Read more: ventureburn | African VC activity shows impressive spike in 2014.