African Seeds

Markets

An estimated $430 million was provided to SMEs, individual consumers and various organisations via online crowdfunding channels in 2015 a new report from Financial Sector Deepening Africa (FSD Africa) in partnership with the Cambridge Centre for Alternative Finance at University of Cambridge’s Judge Business School reveals.

In particular, in Africa alone, over $250 million was raised via various alternative finance channels in the period 2013-2015, and East Africa was the continent’s largest alternative finance regional market.

However, crowdfunding in East Africa currently has no specific regulations or policies, and these channels require regulatory attention in order to harness potential benefits while addressing consumer risks.

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The Author

Doctoral researcher in Entrepreneurship with a research focus on venture financing and a passion for all things sustainability, I have developed my career in the marketing realm by helping Fortune500 companies maximise their strategic efforts. Holding a Full-Time MBA from Durham University, I blogged for the Financial Times. Find out more about me here: https://www.linkedin.com/in/lucasabia/