Over the past few years, venture capital (VC) funding in Africa has been unevenly distributed among its 54 countries. The “Big Four” tech ecosystems—Kenya, Nigeria, Egypt, and South Africa—
The first half of 2024 has marked a challenging period for African tech startups, with venture capital (VC) funding hitting its lowest point since H2 2020, ($780 million) representing a 31% decline from the second half of 2023 and an even steeper 57% drop compared to H1 2023.
The African tech landscape is thriving, with over ten thousand innovative businesses working relentlessly to address some of the continent's most critical challenges. These startups have piqued the
