Crowdfunding platforms in Africa raised $32.3 million for various projects in 2015, data from the Afrikstart Crowdfunding in Africa (pdf) report shows. But that figure could be much higher over the coming years if African governments develop regulation on crowdfunding.
Despite its rising popularity, the most common limitation of crowdfunding across most African countries, is a lack of legal and regulatory framework. Nigerian start-ups were recently confronted with this reality when the country's securities and exchange regulator insisted the country's laws make no provisions for...
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