Africa’s startup exits are shifting from IPO dreams to local buyers
- Over 100 startup exits were recorded in Africa between 2023 and 2025, with mergers and acquisitions being the primary method.
- The buyer mix is shifting towards regional banks, telecoms, and private equity firms that understand local market dynamics.
- Funding into African startups fell by 28% from $3.3 billion in 2022 to $2.4 billion in 2023, with a recovery expected in 2024-2025.
The current landscape of startup exits in Africa reflects a maturing market where local players are taking the lead. This shift towards regional acquisitions could foster a more sustainable ecosystem, but it also raises concerns about the long-term viability of startups that may struggle to attract global investment. Further discussion is needed on how to balance local and international interests in Africa's tech growth.
