Startup Funding In Africa Crosses 1 Billion Record In 2019
This is a huge investment leap from 2015, when startups operating in Africa raised $200 million. The report also found that 6% of the 427 startups that raised funding accounted for 83% of all investments. Both Nigeria and Kenya are particularly lucrative in the total breakdown, with 81.5% of 2019’s investment money coming from those two countries combined (with South Africa trailing just behind Kenya). Nigeria ranked number one for the number of deals completed and valuations offered....