IN OTHER NEWS BY SINAZO MKOKO
Innovation on the continent Fintechs are dominating the tech sector
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outh Africa, Kenya, Egypt and Nigeria are the premier tech investment destinations on the African continent, according to the latest report released by Disrupt Africa. The African Tech Startups Funding Report 2022 showed that the number of startups which have secured funding has increased each year since
Disrupt Africa began publishing its annual report. The number of African startups who have secured investment each year has increased by 406 percent since 2015. The report says: “2021 was a landmark year for the African tech space, with unprecedented growth seeing the sector pass
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both the US$1 billion and US$2 billion marks for the first time. However, amidst a global downturn in investments, especially in riskier asset classes such as venture capital, one would have been forgiven for expecting some levels of stagnation in 2022. Far from it.” The report also shows that the amount of total funding
