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Is Africa’s start-up winter over? $2.16bn signals rebound

A gamer intensely playing a strategy game on a high-resolution monitor indoors. Photo by RDNE Stock @ Pexels
A gamer intensely playing a strategy game on a high-resolution monitor indoors. Photo by RDNE Stock @ 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 $2.16bn in nine months
  • Energy start-up debt financing plunged $492mn

 

ACCRA, GHANA — African start-ups raised $2.16 billion through September, putting last year’s fundraising total within reach as equity investment rebounds despite a sharp decline in debt financing.

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