The failed bank, the demise of which has sent global equity markets tumbling, served mostly US tech startups and venture-capital firms. The implications for Africa will come in the form of reduced appetite for exposure to unproven and unprofitable business models.
SVB collapse signals it’s time for African venture-capital reset

The fall of Silicon Valley Bank (SVB) in the US shows the need for an overhaul of Africa’s venture-capital investment assumptions.