venture capital - The African Mirror

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Jan

2024

By SETH ONYANGO, BIRD STORY AGENCY

1 in every 3 dollars invested into startups in Africa in 2023 went into climate tech

ENVIRONMENT

CLIMATE tech startups bucked the trend in Africa's venture capital space, actively notching up an impressive $1 billion amidst a broader funding fall-off in 2023. Data tracker, Africa: The Big Deal notes that around 1 in 3 dollars invested into startups on the continent in the forecast period went to climate tech startups. The strength of the sector according to the Deal, illustrates "both the potential of ‘green’ investments in Africa and the increased focus of investors in this space." "While energy and water start-ups took the lion’s share, agtech dominates the early-stage pipeline, also pointing to the need for…

Jul

2021

By The African Mirror

Egypt becomes new frontier for start-up investment in Africa

BUSINESS

ACROSS Africa, start-up companies are attracting millions from venture capital, private equity, social impact funds, with the Egyptian start-up market becoming the new frontier for global and regional investment By Seth Onyango Egypt is emerging as the biggest investment market for start-ups, attracting millions of dollars annually on the back of ongoing political and economic reforms in the North African state. Just in June 2021, Egyptian start-ups raked in more investment capital to surpass the 190 million dollars funding deployed into the start-ups marketplace in the whole of 2020. Data platform Magnitts 2020 Egypt Venture Investment report shows venture capital…