African technology startups scoop $2b funding

Tech start-up.

Kenya ranks among Africa’ four biggest destinations for tech start-up funding after Nigeria, Egypt and South Africa. PHOTO | FILE

Kenya ranks among Africa’ four biggest destinations for tech start-up funding after Nigeria, Egypt and South Africa.

The African Tech Startups Funding Report (2021) shows that last year in the African tech start-up ecosystem, 564 businesses raised $2.14 billion in funding, the bulk of which took place in the “big four” markets – Nigeria, Egypt, South Africa and Kenya.