For potential angel investors, the lack of reliable statistics about the relevant markets is probably a big issue. Africa is also less homogenous than Europe, so we're talking about many different markets that need to be looked at individually.
They do. In extractive industries and anything that involves negotiating favours with a government. And I'm not sure capitalism prefers a repressive system or that systems in Africa are that oppressive (or the right kind of oppressive).
> For potential angel investors, the lack of reliable statistics about the relevant markets is probably a big issue.
Chicken and egg. Statistics appear when there is a market for them (investors).
The only thing capitalistic about it is that someone accumulates wealth.
There's probably a very wide gap between the best and the worst countries in Africa in terms of this -- it's not one homogeneous region.
It sounds more than cynical, it sounds disingenuous.