Emerging Brand Africa Media’s Post

African Startup Funding Declines Over 50% YoY to $780 Million in H1 2024. Startups across Africa raised $780 million between January and June 2024, a 31% decline compared to H2 2023 figures and an even starker 57% decline compared to H1 2023. This decline continues a downward trend that began in 2023 when Africa's technology startups raised $3.5 billion across 547 deals, a 46% decline compared to the previous year[2022]. Key takeaways: 💰Two-thirds of the funding was in the form of equity, while a third was debt. 🧳 4 out of 5 dollars went to startups in the "Big Four" markets: Kenya, Nigeria, Egypt, and South Africa. Kenya alone secured a third of the total funding. 🚛 Transport & Logistics was the top-funded sector at 28%, driven by deals like Moove and SPIRO. #FintTech came in second but led in the number of startups raising $1M+ 👬🏾 Only a tiny fraction of funding went to female-founded startups, with 85% going to all-male founding teams and 92% to male CEOs. The decline in startup funding continues the downtrend witnessed in 2023. However, the resilience of African startups is evident. By supporting diversity and innovation, we can help the ecosystem weather the storm and emerge stronger. One way of doing that is to double down on building sustainable businesses. Peter Ndiang'ui, Harry Hare, Kamau Kunyiha, Moses Kemibaro, Fred Kithinzi, Serah Mwikali Katusya Read more: https://lnkd.in/dGptrGdu #AfricanStartups #VentureCapital #FundingTrends

With the latest reports about the African startup landscape,🚀 Here's a quick glimpse into the dynamic financial landscape. Venture capital fuels innovation for 31% of startups, while funding elevates aspirations, driving growth with an average of $800 million. Notably, Kenya's $880 million in 2023 underscores a robust appetite for expansion. 💰 Experience the transformative power of funding! Funded startups enjoy a remarkable 72% higher success rate, proving the importance of investment in innovation. 💡 With that being said … 💼Movin Africa is your go-to place for comprehensive financing solutions. From strategic investments to transformative partnerships, we offer a range of support options tailored to meet the unique needs of startups and businesses. Whether you're an ambitious entrepreneur with a groundbreaking idea or a growing startup ready to scale, we're here to provide the strategic guidance you need to succeed. 🌍 So don't hesitate to reach out to us today at [email protected] Linktree: https://lnkd.in/gP9m6y2K #MovinAfrica #StartupFinancing #VentureCapital #EmpowerYourVision

The Rise of African Startups: Exploring Untapped Potential Africa's startup ecosystem is experiencing extraordinary growth and innovation, presenting exciting opportunities for investors and entrepreneurs. In 2022, African startups raised an impressive $3.54 billion in funding, significantly increasing from the previous year. This steady rise continued into 2023, with funding surpassing $4 billion, reflecting the growing confidence and interest in Africa's entrepreneurial ecosystem. Unique Opportunities: From fintech platforms facilitating financial inclusion to agritech startups transforming agriculture to healthtech seeking to improve the healthcare system, African entrepreneurs are tackling local challenges with innovative ideas bringing transformative solutions to the world. Challenges and Resilience: Despite the promise, African startups face unique challenges such as access to funding, infrastructure limitations, and regulatory complexities. However, these challenges have encouraged resilience and creativity among entrepreneurs, leading to impactful solutions that address pressing societal needs. TIRAH's Commitment: As part of its mission in 2024, TIRAH is dedicated to supporting and investing in Africa's promising startups. Through mentorship, funding, and strategic partnerships, we are poised to empower entrepreneurs to scale their ventures and drive sustainable impact. What's in it for YOU? ·        Connect with TIRAH's network of seasoned experts ·        Gain valuable guidance on corporate governance, go-to-market strategies, and more ·        Access resources to accelerate your growth and unlock your full potential. Do you have a groundbreaking idea that's ready to take off? Let us know in the comments! #InvestInGhana #Startups #GrowthPartners

Francophone Africa is giving rise to the stronghold of innovation with massive numbers in the startup space: $1.43 billion raised in total, 47% more startups than in 2015, and 21% of females taking part in 2019. In which key sectors? Fintech, Education, Health, AgroTech. Their recent report, "The Challenge of the Unseen," has found that in spite of huge infrastructure, operations cost, and regulatory challenges, African entrepreneurs are proving resilient and resourceful in the midst of a sprawling ecosystem—from incubators and accelerators to Senegal's Start-Up Act. Future? Bright and exciting! West Africa is all set to rewrite the rules of entrepreneurship and turn each of these challenges into an opportunity for growth. Proud to be part of this community and I am delighted to be able to contribute to this promising future in my own small way. #Entrepreneurship #Innovation #FrancophoneAfrica #BrightFuture #Startups #Yoban

Africa's Booming Startup Ecosystem: $15 Billion in Investments Since 2019 A recent report by Africa-The Big Deal has revealed impressive growth in Africa's startup ecosystem, with a staggering $15 billion in investment transactions since 2019. Nigeria has emerged as the leader, attracting $4.4 billion, which represents 30% of the total investments between 2019 and 2023. The "Big Four" countries—Nigeria, Kenya, South Africa, and Egypt—have collectively secured 84% of all startup funding in Africa during this period. Here’s a quick breakdown: - Nigeria: $4.4 billion - Kenya: $2.9 billion - South Africa: $2.4 billion - Egypt: $2.3 billion Notably, more than three-quarters of all startups that raised $1 million or more are based in these four countries. South Africa slightly edged out Kenya in this category, with Senegal and Ghana emerging as the closest runner-ups to the Big Four. Ghana, in particular, shows promise as a potential Big Five contender, with a significant number of startups raising $1 million+. Beyond the Big Four, several other markets have shown notable activity: - 🇲🇦 **Morocco**: Nearly 40 startups raised $1 million+ - 🇹🇳 **Tunisia**: Home to a dozen ventures, with InstaDeep capturing over two-thirds of the capital - 🇩🇿 **Algeria**: Yassir claimed 98% of the total amount raised East and North Africa also feature prominently, with startups in Tanzania, Uganda, Algeria, Tunisia, and Morocco raising over $100 million since 2019. However, 19 markets in Africa have not registered any deals at all. This data underscores the dynamic and rapidly evolving landscape of African startups. The continent's innovation and entrepreneurial spirit are attracting significant global attention and investment, paving the way for a bright future in technology and business. #AfricanStartups #Investment #Entrepreneurship #Innovation #TechInAfrica #StartupEcosystem #Nigeria #Kenya #SouthAfrica #Egypt #BigFour #AfricaTheBigDeal

#Start-Up Funds raised in 2023 1. Kenya $800m 2. Egypt $640m 3. South Africa $600m 4. Nigeria $410m While DRC got $62m, Tanzania $25m, Zambia $17m, Namibia <$2m and Angola <$1m. According to growth Africa.

Innovation Ecosystems in Africa builds upon the work of the African Innovation Summit (AIS), by further examining how the innovation systems environments in Africa function (or not) to address the most basic conditions of socio-economic and institutional development required on the continent. In the vast landscape of global innovation and entrepreneurship, Africa’s startup ecosystem emerged as a beacon of promise and potential. Over the past decade, the African continent witnessed an electrifying surge in entrepreneurial dynamism. This has created a vibrant mix of innovation-driven companies that have captivated investors, markets, and the world’s attention. The future, it seemed, was brighter than ever for African startups. Investors from around the world were pouring capital into African startups, fueling their growth and igniting the flames of innovation. However, as 2023 arrived, a new dawn broke. The African startup ecosystem found itself caught in the midst of a chilling and unexpected reality—a funding freeze that would send shockwaves across the continent. In 2023, some African startups have demonstrated remarkable resilience amid a challenging business landscape. Confronted by economic uncertainties, these innovative ventures have showcased remarkable agility and adaptability, redefining conventional models to ensure sustained growth. Therefore creating a supportive environment for knowledge-sharing and mentorship initiatives to flourish. Such as the launch of a mentor-led angel community and investment syndicate by Startup bootcamp. This initiative is designed to link startups with mentors who can provide operational assistance and capital.

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The world is digitalizing rapidly and tech startups are among the pioneers that are continuously bringing about innovation and disruption in the business world. Financing & Scalability are among the crucial elements required for startups to thrive in the cutthroat world of business. Looking at what's happening in the African continent, recorded debt and equity financing for startups has grown by more than 13 fold to USD 2.4 Billion over the past 9 years with the number of startups funded up by 224% during the same period. With Kenya, Nigeria, South Africa and Egypt having the largest share of Startups produced and money raised across the continent. Tanzania on the other hand has generally lagged behind it's African peers as far as funding is concerned and its ability to create competent startups. This report explores what the trend for startups have been in Africa as a whole as well as with Africa's startup giants, why we need to embrace the creation and fostering of startups in Tanzania as well as what we can learn from Africa's Silicon Valleys and what we need to do in order to foster disruptive startups Enjoy!!! Aika Shauri Disrupt Africa Tanzania Startup Association John Haule Fintech Association Of Kenya #startups #fintech #finance #economy #kenya #nigeria #southafrica #egypt #bigfour #tech #africa #education

🌟 Investors are looking to explore opportunities in SA’s start-up scene🌟 Angel investor Tendai Shamu has his sights set on South Africa’s growing startup ecosystem, emphasizing that the country is filled with potential but requires stronger support structures to foster innovation. 💡 Shamu believes the time is ripe for investors to dive into South African startups. "We need more accelerators, incubators, and interdisciplinary collaboration," he says. With the right backing, Shamu sees immense potential in the country's infrastructure and entrepreneurial spirit. 📈 Growth and Challenges: South Africa's startup scene is vibrant, led by young, ambitious entrepreneurs—particularly in fintech and edtech. However, it faces hurdles, like brain drain and infrastructure issues. The South African Startup Act and supportive organizations like the Silicon Cape Initiative and Endeavor South Africa are crucial in addressing these challenges and creating a robust foundation for entrepreneurs. 💰 Investor Interest: International investors, especially from Europe, are increasingly eyeing South Africa as an entry point into Africa's burgeoning markets. However, Shamu highlights the importance of trusted local partnerships to navigate the unique landscape. 🤝 Advice for Startups: Shamu encourages founders to validate real problems, test solutions, and focus on significant market opportunities. “If you can clearly show your value to customers, the investors will follow.” South Africa is evolving as a global startup hub—one with challenges but vast opportunities. Let’s continue building an ecosystem that empowers local talent and attracts international investment. 🌍🚀 Click the link in bio to read more on this article: https://bit.ly/4eIHTId #SouthAfrica #Startups #AngelInvestment #Entrepreneurship #Innovation #Investment