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Africa’s $455m startup funding rebound hides deeper divide

African start-ups raised $455m in August. Photo by Ninthgrid @ Pexels
African start-ups raised $455m in August. Photo by Ninthgrid @ Pexels

Kingsley Kobo

Kingsley Kobo is an expert on Francophone West and Central Africa, with over 15 years' experience covering business, finance, politics, tech, and more across both regions.
  • African start-ups raised $455 million in August, up more than 400% monthly.
  • Nigeria, Egypt, Kenya and South Africa captured nearly all investment.

 

LOMÉ, TOGO – African start-up funding rebounded to $455 million in August, but the recovery exposed how narrowly investment remains concentrated across the continent.

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