Africa is the second most populous continent in the world with 1.4 billion population and will reach 1.6 billion inhabitants by 2030. It is more than 16% of the world’s population. The startup ecosystem is evolving in Africa and venture capital firms are investing in the region, but it is only 2% of the total VC investment globally. Technology will play an important role in shaping the African economy and reforming the financial, healthcare, mobility & logistics sectors. Thus, it is important to follow a human-centric investment approach for venture capital firms. Africa needs to build infrastructure from the scratch for transportation and logistics to grow the GDP.

Olu Oyinsan is the managing partner at Oui Capital recently transitioning from Vice President at Ingressive Capital, an early-stage African venture fund, where he led the investment function. Olu began his career in commercial banking with Guaranty Trust Bank in Nigeria, later working as a consultant at Forrester, advising some of the world’s leading technology companies on products and processes, and as a relationship manager at Silicon Valley Bank, where he supported technology startups across all verticals in accessing debt, equity and mezzanine products.