Venture capital (VC) funding is becoming increasingly important in Africa and publications such as TechCabal rely on a number of independent journalists and funding trackers to keep them up-to-date with developments. Funding trackers have differing methodologies and this means there can be discrepancies in the data they produce, with disparities sometimes being as much as double. For example, according to Africa: The Big Deal and Briter Bridges, Q1 VC funding in Africa stood at $1.3bn. However, Disrupt Africa puts the figure at $649m while Benjamin Dada states it at $759m and Magnitt at $548m. Emeka Ajene, founder and publisher of the Afridigest newsletter, says clarity and transparency of the methodology used by a tracker is vital. For him, Partech’s tracker is the gold standard.

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