NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

By Ivor Price

AfricArena should be celebrated for its efforts to grow the African tech ecosystem, writes Ventureburn editor-in-chief Ivor Price. He believes it is crucial that this work continues to support the growth of the continent’s start-ups and economies.

As we look towards the future of African tech start-ups, there is a lot to be optimistic about. The recently released AfricArena report, The State of Tech in Africa 2023, predicts a moderate growth in investments for the year, ranging between $6.5 billion and $7.3 billion, with an expected decline in equity investment but a growth in debt venture.

Photo courtesy of Olumide Bamgbelu.