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African tech startups

A collection of 4 posts

The Ouut's Highlight Of The Week

African tech startups Featured

The Ouut's Highlight Of The Week

This week, The Ouut highlights events that kept the ecosystem talking. Catch up on all you missed this week.

November Put the Final Zeal to the Ambitious $7B African Tech Startup Funding Mark

African tech funding

November Put the Final Zeal to the Ambitious $7B African Tech Startup Funding Mark

As the year comes to a close in the next 26 days, the African tech startup ecosystem is weathering the storm caused by the global economic downturn and inflations, with 25 tech startups across the continent raising a total of $309.87 million in November. This was a significant improvement

32 Days to the End of 2022: Can African Tech Startups Attain the $7B Projected Funding Mark in ’22?

African tech startups

32 Days to the End of 2022: Can African Tech Startups Attain the $7B Projected Funding Mark in ’22?

The African tech startup ecosystem is witnessing its best year yet, with the first half of 2022 ending at $3.5 billion, a 133% increase from the first half of 2021. According to a report from the African Venture Capital and Private Equity Association (AVCA), a pan-African organization that promotes

Egypt's Healthtech Startup, Vezeeta, Lays Off 10% of its Staff: The Recent Wave of Downsizing by African Startups

African tech startups

Egypt's Healthtech Startup, Vezeeta, Lays Off 10% of its Staff: The Recent Wave of Downsizing by African Startups

Judging by how amazingly the African tech startups performed in fundraising in the Q1 2022, one would have expected the tech ecosystem to continue to do wonders and possibly, outperform its last year’s record, where it secured $4.4 billion in funding. According to data from the Big Deal,