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African tech startups raise $4.1bn as debt takes centre stage

Coding session at a tech startup. Photo by Desola Lanre-Ologun@ Unsplash
  • Funding jumps 25% despite global venture slowdown
  • Debt finance overtakes equity in landmark shift

 

NAIROBI, KENYA – African tech startups raised $4.1 billion in 2025, posting a strong rebound that underscores the sector’s resilience despite tighter global financial conditions.

According to the latest Partech Africa report, funding rose 25% year on year, even as venture capital globally became more selective. The gains, however, were unevenly distributed, with capital increasingly concentrated in a handful of mature markets and later-stage companies.

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