African and Latin American Tech Unite

Capria on

September 14, 2022

The attention of business and technology in Latin America almost always looks north to the U.S. The more sophisticated Latin American VCs and entrepreneurs take the world’s other great markets into consideration when thinking of where to scale, seek out investment, or talent — namely, Europe, China, India, and Japan.

There’s nothing inherently wrong with this: The U.S. and Europe made up 75% of foreign direct investment in Latin America in 2020, so, in many respects, if it ain’t broke, don’t fix it. But, beyond sheer size, it is interesting to see the recent trends of Afro-Latin American tech interchange. Though Africa has a comparatively tiny footprint in Latin American tech, and vice versa, its recent growth has been of particular note.

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