Jack Hughes will not be participating in the NHL All-Star Games or Skills Competition. However, he will be present for the event. The NHL announced that Jesper Bratt of the New Jersey Devils will replace Hughes in the games. Congratulations to Bratt for his accomplishment.
After defying the global funding slowdown of 2022, VC investments in African startups dropped considerably last year, mirroring the situation in other regions where capital taps were significantly turned off. Data trackers set the amount raised by African startups in 2023 at between $2.9 billion and $4.1 billion, from $4.6 billion to $6.5 billion in total funding the previous year. With equity funding becoming rare, several startups found it hard to survive, leading them to either cut down their teams or scale down operations and, in some cases, close shop.
Nigeria's startup funding dominance in Africa has given west Africa its "hotspot" investor appeal. But it's not only about Nigeria. Ghana and Senegal are coming up.
According to Africa-focused database The Big Deal, Africa was the only region to record three-digit growth in the first quarter of 2022, with venture funding up 150% to hit a record $1.8 billion.