Nigerian startups are turning to debt but not everyone is ready
Debt financing for African startups rose from 6% in 2021 to 25% in 2023. Startups are using debt financing to avoid excessive dilution and unfavorable equity valuations.
Africa’s climate tech sector needs winners to justify recent funding jump
DFIs have become the primary funding source for African VC firms, influencing the VC landscape. Climate tech funding in Africa reached $1.04 billion in 2023, marking a 9% increase from the previous year.
