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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Startup Funding

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Africa

Africa’s mobility startups dethrone fintechs, scale new heights

    By Conrad Onyango, bird story agency   Africa’s mobility startups are having a moment. For the first time, these small businesses in transport and logistics have dethroned Fintechs in attracting the most investor funding on the continent. In another historic first, mobility startups are beginning to explore cross-border rental trips as they look to capitalize on growing intra-Africa tourism fuelled by the removal of visa requirements by some […]

todayAugust 22, 2024 16

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Africa

Appetite from local investors fuels surge in African startup funding

  By Seth Onyango, bird story agency   Despite a steep downturn in startup funding in Africa since 2022, more African investors are channelling substantial investments into homegrown enterprises. This is a marked departure from the previous years, when North American investors, particularly from the U.S., led the charge in startup funding across the continent. Analysis from Africa: The Big Deal identified at least 619 unique investors who participated in […]

todayMarch 14, 2024 39

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Africa

1 in every 3 dollars invested into startups in Africa in 2023 went into climate tech

By Seth Onyango, via bird story agency Climate tech startups bucked the trend in Africa's venture capital space, actively notching up an impressive $1 billion amidst a broader funding fall-off in 2023. Data tracker, Africa: The Big Deal notes that around 1 in 3 dollars invested into startups on the continent in the forecast period went to climate tech startups. The strength of the sector according to the Deal, illustrates […]

todayJanuary 30, 2024 5

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Africa

Fintech and energy illuminate DR Congo’s nascent startup ecosystem

  By Conrad Onyango, via bird story agency The Democratic Republic of Congo (DRC), one of the world’s most resource-rich countries, is carving out a new prosperity niche as it emerges on the global tech scene. Known for its green metals, cobalt and copper, and the world's second-largest rainforest, the newest member of the East African Community is having a moment in the startup ecosystem. In 2023 the country raised […]

todayJanuary 23, 2024 21

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Africa

10 ventures announced for the Africa Tech Summit Nairobi 2024 investment showcase

Africa Tech Summit Nairobi has announced ten African tech ventures that will showcase their solutions to a diverse audience of industry experts, investors and fellow innovators on February 14th and 15th. While African startup funding declined in 2023, the investment showcase continues to foster collaborations and stimulate investment opportunities to bridge the funding gap in the ecosystem. According to data from Africa: The Big Deal, African startup funding experienced a 39 […]

todayJanuary 19, 2024 12

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