Impact of US Policies and USAID Suspension on Africa’s Startup Ecosystem
- Kola Aina stated that the suspension of USAID programs has contributed to a slowdown in Africa's startup ecosystem.
- US trade policies, including new tariffs imposed by President Trump, have created uncertainty that dissuades investors.
- Aina noted that the startup ecosystem previously benefited from US investor participation, which drove valuations.
The current situation underscores the vulnerability of Africa's startup ecosystem to external factors, particularly US policies. It raises important questions about the sustainability of relying on foreign support and the urgency for African nations to foster self-reliance through intra-continental trade and investment.
