American investors in African startup deals just dropped by half in a year but Japanese auto parts manufacturers have moved in.

Not venture firms but companies that make brake components and prefabricated buildings are now the fastest-growing investor category in African startups.

American money left because there were no near-term exits whilst the Japanese money arrived because the middle class is exploding in size.

They don't think in terms of funding rounds, the think within a 2035 thesis.