What Trump's presidency means for venture capital in Africa

Global markets have continued to rally a week after the U.S. elections as investors brace for the return of Donald Trump to the White House. Market watchers and business leaders are optimistic about what his presidency could mean for venture capital, with a particular focus on Africa. CNBC Africa recently sat down with Prateek Suri, Chief Executive Officer of Maser Group, to discuss the potential impact of Trump's presidency on venture capital in Africa. Suri shed light on the mixed reactions across the African continent and highlighted the opportunities that could arise for venture capital, especially in areas like sustainability and ESG investments. Africa, with its young and tech-savvy population, is increasingly becoming a target for venture capital funds looking for high-growth opportunities. Suri emphasized the importance of considering economic conditions, currency fluctuations, geopolitical issues, and the emergence of technology hubs when evaluating investment prospects in Africa. The conversation also delved into the sectors ripe for investment, such as mining, agriculture, AI technology, and infrastructure development. Suri discussed his company's successful ventures in Zambia, Zimbabwe, and the potential for expansion into Central Africa. The interview concluded with a look at the role of the UK as a capital advisory hub and its strategic position in facilitating investments in Africa. Overall, the discussion provided valuable insights into the evolving landscape of venture capital in Africa and the opportunities that lie ahead.