Why every African founder and investor should care about debt
- Moove raised $210 million in debt, highlighting the accountability that comes with such financing.
- Debt can push founders to develop healthy habits and frameworks for lasting impact.
- African startups raised $1.42 billion in the first half of the year, with $448 million in debt, indicating a growing trend.
The shift towards debt financing in African startups is a necessary evolution that could lead to more sustainable business practices. While it may introduce challenges, the discipline it enforces could ultimately strengthen the ecosystem and lead to more resilient companies. Founders and investors should embrace this change to foster long-term growth.
