When investors thought of where to best take their money for investment, only a few years ‘Africa’ was always the last place to come to mind. Today however, different African countries are seeing a surge in their investment scene that has got many investors thinking of the continent as the next hub for start-ups.
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Venture capitalists are firms that provide the necessary funding for start-ups to begin their business. They are usually availed by technology based start-ups, as they won’t be able to gain loan from banks due to unavailability of hard assets. It is already well known that venture capital investments are rising globally.
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As you are reading this article, the spring of 2016 saw the Angolan government engaging the International Monetary Fund in talks for an extension of a loan program that will span three years. This loan will be financed through IMF’s Extended Fund Facility Program, and will possibly cumulate to an annual of $1.5 billion, bringing this to $4.5 billion for the requested three years.

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