1

2

3 “...This paper discusses the landscape for private equity and venture capital financing in Kenya...”

4 “...This paper discusses the landscape for private equity and venture capital financing in Ghana...”

5 “... are interested in developing their businesses and are considering whether venture capital (VC) and private equity...”

6

7 Subjects: “...Venture capital / Developing countries / Finance...”

8 “...A defining characteristic of the private equity and venture capital (PE and VC) investment style...”

9

10 “..., including promotion of early stage venture capital, innovation start-ups and spin-offs...”

11 “..., but until recently, financing was predominantly from equity. Private equity, venture capital, and government...”

12 “... investments, as seen by the impact of the establishment of government-sponsored venture capital (VC) funds...”

13 “... billion dollars venture capital investment in startups and had over 14,500 startups. New York ecosystem...”

14