It is difficult to speak of “Africa”. It is not a country. That said there are a set of common historical experiences (colonisation, coupled with gaining indepe

It is difficult to speak of “Africa”. It is not a country. That said there are a set of common historical experiences (colonisation, coupled with gaining independence during the Cold War being a big one) that have managed to line up a lot of common philosophies. One of them is a pervasive academic/intellectual mistrust of international funding. I am a South African. I studied African political history, public policy, and political philosophy at a number of South African universities. At most institutions as an undergraduate I was taught about the peril of IMF and World Bank loans etc. So I’m not surprised that this kind of thinking is being applied to private investment via bodies like YC.