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Africa’s e-restaurants and autotech startups whet investor appetite

Africa’s e-restaurants and autotech startups whet investor appetite

CONRAD ONYANGO, BIRD STORY AGENCY INVESTMENTS into Africa’s digital restaurants and auto-tech startups grew faster than all other sectors in 2022, highlighting their growing appeal. Entrepreneurs behind these startups enjoyed bumper funding during the period - albeit from a low base - and funding for the sector has added to a wider challenge to fintech's recent dominance of Africa's startup funding environment, the latest Disrupt Africa tech startup funding report shows. “While fintech easily retains its lead as the most popular space, the growth is smaller than in other verticals; and the narrowing of margins shows other sectors are starting…
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