Follow CGSP on Social Media

Listen to the CGSP Podcast

Mobolaji Adeoye: More Chinese VC Investment is on its Way to Africa in 2020

Mobolaji Adeoye, founder and chief investment officer of Consonance Investment Managers, an Africa-focused early stage and growth investing firm.

Mobolaji Adeoye, founder of Consonance Investment Managers, is a highly-regarded early-stage investor in the African start-up sector and provided his outlook for the year ahead in the VC space that attracted $1.27 billion of venture capital investment in 2019.

Mobolaji Adeoye’s Outlook for Chinese VC Investment in Africa

  • THE CHINESE PREFERENCE FOR INVESTING AMONG THEMSELVES: “Big-ticket Chinese investment is not yet reaching local founders. According to disclosed investment information, Chinese VCs still have a preference for their own, but this is likely to change once Chinese fund of funds turn their attention to Africa.”
  • FROM TELECOMS TO TECH: “Chinese investment in African telecoms is nothing new: Huawei dominates the African telecom equipment market and Transsion has been selling and manufacturing mobile phones in Africa since 2008. Chinese investment in African technology, however, is a new trend.”

Read Mobolaji Adeoye’s full forecast of African venture trends to watch in 2020 on VC4A website.

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Africa Project?

Independent

The CAP is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Africa stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalist and a variety of stakeholders in the China-Africa discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.