- Only startups in four African countries were able to raise funds above the threshold of $100 million in 2023
- According to the state of tech in Africa report, African startups encountered formidable challenges in 2023.
- Despite experiencing a significant 79% decrease in funding, the fintech sector stood out as the top-funded industry
Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.
Startups in Nigeria, South Africa, Kenya, and Egypt secured funding exceeding the $100 million threshold in 2023.