How we made it in Africa asks Teodoro de Jesus Xavier Poulson – a member of the investment committee of Angola’s public venture capital fund, Fundo Activo de Capital de Risco Angolano (FACRA) – about his outlook for 2016.
Is the current investment environment in Africa good for venture capital?
I believe so. Despite current global economic headwinds, Africa remains one of the most popular parts of the world for investments by private equity firms and venture capitalists. In many respects, the dramatic and sustained drop in oil and commodity prices has served to illustrate the urgency for diversification away from reliance on natural resources. In particular, countries such as Angola have a pressing need to attract foreign direct investment (FDI), and it has introduced a number of initiatives and incentives to attract FDI.