EC Africa
African startups see their fundraising prospects dry up as capital availability falls yet again in Q3
The full picture regarding capital availability for African startups is far from encouraging, but there are always green shoots to highlight.
After initially defying the global slowdown, African startups’ first quarter venture results fall
Let’s talk venture results, unique issues to the African startup scene, and look ahead to see if we can spy any good news on the horizon.
Featured Article
African climate startups set to gain ground as VC funding shifts their way
There are signs that funding for climate tech startups will persist in the near term as new funds emerge in Africa.
After a record 2022, 8 investors explain why it’s ‘still just Day 1’ for Africa’s startup ecosystem
What drove Africa’s record deal volumes when the rest of the world was reining back the enthusiasm of 2021? We polled a few investors to find out.
Africa predicted to experience sustained funding slowdown in 2023
The operating environment for startups in Africa is expected to worsen this year, continuing the trend that picked up in the last half of 2022.
Featured Article
Why Africa had no unicorns last year despite record fundraising haul
Africa, bucking global trends, raised more VC dollars in 2022 than 2021. But its unicorn list stayed stagnant.
Africa’s tech talent accelerators attract students, VC funding as Big Tech comes calling
Tech giants are increasingly looking for tech talent in Africa, where the number of developers reached 716,000 last year, up 3.8% from 2020.
New rules for digital lenders in Kenya aim to weed out bad actors while bolstering sector growth
Digital lenders in Kenya will be under the watch of the Central Bank of Kenya under the new Digital Credit Providers regulations.
Featured Article
VCs set sights on African countries beyond the ‘Big Four’
Outside the Big Four, investments ballooned to $1.4 billion, up 382% year on year, according to Partech’s 2021 report.
Featured Article
As the global venture capital market slows, Africa charts its own course
Experts say that most recent deals were finalized months before macroeconomic challenges hit the global VC landscape. This means there’s a lag in what’s reported as the current state of VC in Africa.
Nigerian startups are a huge part of the current Y Combinator cohort. Looking at the data, that should not be a surprise.
Featured Article
Faster deals, less diligence: The African startup market mirrors its larger rivals
Given that VCs are putting more money to work in Africa this year as the quarters tick along, it’s reasonable to anticipate that 2022 could bring even greater total venture investment.
