AI & African Enterprises: May 2022 Newsletter

Newsletter originally published May 30, 2022

🎢 Great Expectations...

May saw an intensification of the focus on the "inflation" narrative, as central banks raised rates and/or signalled an intention to (continue to) raise rates. In response, equity markets tumbled, US Venture Capitalists began a sort of retrenchment, and some of the larger "growth" stage tech startups laid off staff in an effort to cut costs heading into what will likely be a trying period for fundraising.

And even with all of that contextual doom and gloom, African tech remained relatively untouched for now...Fundraising activity remained strong this month, with continuing investment in startups, digital infrastrucure and business solutions. We dig into these in more detail in this month's highlights. Whether or not African tech's "growth narrative" can counter a potential global recession remains to be seen...

As usual, we look forward to meeting you in your inbox on the last Monday of each month! Questions, comments, or just want to chat? We'd love to hear from you!
hello@ajalastudios (dot ] com

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