Pula and S2E want to solve Africa’s startup problem with British aid money

For years, investors in African tech have grappled with a question: how to return capital within a fund’s seven to ten-year lifecycle. On a continent with few public examples of venture-scale exits, that question has grown more relevant in recent years as many African venture firms approach the end of their first fund cycle. Kevin Simmons, principal for catalytic investments at FSD Africa, a Nairobi-based development agency funded by British aid, spent years at LoftyInc Capital, an early-stage A