Leading countries in value of funding secured by tech startups in Africa 2023
Tech startups in Africa raised over 2.4 billion million U.S. dollars in 2023. Of this total, some 674 million U.S. dollars were secured by startups in Kenya. Another 590 million U.S. dollars were invested in companies in Egypt, while South African startups raised 590 million U.S. dollars. Furthermore, Nigerian start-ups secured almost 400 million U.S. dollars in funding. That same year, just over 400 African startups secured funding - most of them were located in the mentioned countries.