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African Tech Startup Investment Falls 28% to $2.4 Billion in 2023 as Global “Funding Winter” Begins to Bite
This is the first time the sector, which has expanded so exponentially in the last few years, has declined since 2016.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Ampersand, a Rwandan E-Bike Startup, Raises $19.5 Million in a Funding Round
The Ampersand fleet has increased to over a thousand since its commercial launch in May 2019, and by the end of 2024, it is projected to surpass ten thousand.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
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How African Startups Raised Funding in 2023
With equity funding becoming rare, several startups found it hard to survive, leading them to either cut down their teams or scale down operations and, in some cases, close shop.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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AltSchool Africa Launches in Kenya to Continue East-African Push
The startup which has 60,000 in over 100 countries provides courses aimed at fast-tracking entry into global tech roles.
- Categories
- Education, Technology
- Region
- Sub-Saharan Africa
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Kenyan Agritech Startup, Shamba Pride, Secures $3.7 Million for the Expansion of Its Merchant Network
Shamba Pride uses digital technology to equip agro-dealers, empowering them to manage their businesses and order inventory efficiently.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Nigeria’s Zebra CropBank Attracts Funding to Bolster Africa’s Small-Scale Farmers
The funding is aimed at expanding Zebra CropBank’s activities, predominantly via the deployment of solar-powered micro-warehouses.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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Non Banking Financial Company Namdev Finvest Bags $15 Million to Ramp Up Its Offerings For MSMEs
The Jaipur-based startup offers financial solutions in rural India, with a primary focus on MSMEs and green finance options.
- Categories
- Investing
- Region
- Asia Pacific
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Aboyeji and Koschitzky-Kimani Launch ‘African YC’ with Support from a $750,000 USAID Grant
With both founders having experienced significant startup successes, they aim to foster the next wave of global businesses from Africa.
- Categories
- Investing
- Region
- Sub-Saharan Africa