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African start-ups net $1-billion in 3 months

African start-ups net $1-billion in 3 months

SETH ONYANGO, BIRD STORY AGENCY MONTH-ON-MONTH growth figures show Africa’s startup ecosystem continues to receive a funding frenzy as investors flock to the continent’s sizzling tech space. This comes as demand for tech solutions to power Africa’s fledging internet economy continues to grow. With 1.8 billion US dollars already invested in the first three months of 2022, Africa: The Big Deal projects it will only be days until the 2 billion mark is reached. “Compared to last year, there’s been 2.5x more funding raised in Q1-22 than in Q1-21. But, how is this funding distributed geographically? The ‘Big Four’ still…
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