
Where Africa’s Start-up Activity Is Concentrated.
AfricArena has recently released a report which indicates that Nigeria and Kenya are the hotspots for African Venture Capital Investment (VC) with $307 million and $305 million raised in 2020, respectively. Egypt is also a major player with $269 million of funding recorded last year while South Africa had $259 million. Rwanda has positioned itself as a hub for East Africa and has chalked great success with $126 million raised in 2019. Continue reading Where Africa’s Start-up Activity Is Concentrated.