African Tech Startup Funding: Examining the Steady Growth of Debt Funding in the Last Five Years
The global tech startup scene in 2022 saw nothing nearing the fundraising euphoria of
Startupbootcamp AfriTech and telecommunication company, Telecel Group have announced the selection of 3 Nigeria tech startups and 8 others from 6 other African countries to take part in its third
In 2022, cryptocurrency investors experienced a rollercoaster ride, with prices plummeting after reaching all-time highs in late 2021, leading many to lose faith in the digital asset class. The crypto
Owing to the impressive performance of African Startups in 2021, which continued into Q1 2022, where over $1 billion was raised, experts such as the African Private Equity and Venture
Driven by mass poverty orchestrated by unemployment and embolden by the limitless opportunities provided by the internet, African youths have since tapped into the creator economy, a sector believed to
Exit is still a very rare occurrence among African startups, as the ecosystem maintains a record low year after year. An exit strategy, according to Investopedia, is a contingency plan
According to the World Bank report, over 85 million Nigerians lack access to grid electricity, representing about 43% percent of the country’s over 200 million population. Economically speaking that
Globally, 2022 was a terrible year for the digital asset and cryptocurrency markets. After reaching all-time highs in November 2021, the value of most of the major cryptocurrencies has plummeted
Bolt, the ride-hailing platform, has entered into a partnership with CredPal, a Nigerian fintech startup, to provide a “ride now and pay later” service to its users, following an impressive
Despite significant progress in financial inclusion in Sub-Saharan Africa over the last decade, according to BPC’s Digital Banking in Africa report released on March 17, 2022, over 57 percent
The Pan-African fintech giant Flutterwave had a mixed year in 2022, beginning with an enthusiastic announcement of $250 million in series D fundraising in early February 2022. In a Tweet,
It’s not yet Uhuru for Africa, as the continent has historically lagged behind other regions in terms of innovation. Africa has been consistently ranked as the least innovative continent
