Cape Town is emerging as a hub for technology and venture capital (VC) talent, attracting professionals from Europe and Africa, according to Michel Weiss, founder and CEO of Counder Network. The network, which supports African startups, fund managers, and entrepreneurs, will host an invitation-only Wine and Venture Summit next month to establish trust between African entrepreneurs and European investors. Weiss emphasized the potential of Cape Town as a center for innovation, likening it to established hubs like Berlin, Stockholm, and Silicon Valley. However, he noted that South Africa’s tech ecosystem faces challenges, including restrictive visa policies and capital flow regulations. Weiss called for the government to make investing in the country easier and more attractive for international investors.
Transforming Cape Town into a Thriving Tech & Investment Hub
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