A research and insights platform focused on technology and innovation in Africa.
Inside Africa’s tech layoffs: What the data says (2023–2026)
Africa's tech ecosystem raised a record $4.65 billion in 2022, but funding fell by 37.2% to $2.92 billion in 2023. Alerzo, a Nigerian B2B e-commerce startup, laid off over 400 staff in March 2023 due to over-hiring and macroeconomic conditions.
Nigeria added 65 healthtech startups after COVID-19, says report
Nigeria's healthtech ecosystem added 65 startups from 2020 to 2025, reflecting a 65% growth. 17 healthtech startups launched in 2020, marking the highest annual record in the ecosystem.
Will H1 2026 cross the $1B mark? Funding hits $887M despite deal slump
Startup funding in Africa for January-April 2026 reached $887 million, up from $803 million in the same period in 2025. The number of deals dropped from 173 in 2025 to only 84 in 2026, indicating a shift towards larger funding rounds.
African startups raised over $700M in Q1 2026
Over 80 deals were tracked in the African tech ecosystem in Q1 2026, totaling $711 million in disclosed investments. Egypt secured $154 million and South Africa $134 million, leading the capital race in 2026.
Agritech funding in Africa drops to $168 million in 2025 as investor interest shifts
Seyi Alabi pitched for seed funding for Crop2Cash in 2025 but felt disadvantaged due to the sector's declining investor interest. Agritech funding in Africa dropped to $168.1 million in 2025 from $206.9 million in 2024, with deal volume also decreasing.
