非洲私募股权和风险投资协会（AVCA）：2025年第三季度非洲风险投资活动报告（英文版）

After two years in flux, venture capital in Africa appears to be regaining its footing. YTD figures suggest the ecosystem is emerging from the turbulence of the funding downturn and is settling into a steadier rhythm of dealmaking. The 122 deals recorded in Q3 2025 represents a 17% YoY increase and a steady continuation from Q2. It marks the third consecutive quarter of stable output, reinforcing the notion that deal volumes are holding their own in the aftermath of the reset. Still, activity