Kola Aina on AI in Africa, local capital, and exits
- Kola Aina has backed over 90 startups across Africa, including notable exits like Paystack.
- Ventures Platform has returned four out of its six investment cohorts, demonstrating successful capital recycling.
- The firm is expanding its investment focus to include Francophone Africa, hiring local operators to deepen market reach.
The evolution of the African venture capital landscape, particularly the shift towards local fund managers and the focus on capital efficiency, is a promising development. However, for sustained growth, it is crucial to continue fostering an environment that encourages innovation and supports early-stage founders through strategic investments and mentorship.
