4 African startups that shutdown in Q1 2025
African tech startups secured $780 million in funding in the first half of 2024, a 57% decrease from 2023. 54gene, a Nigerian genomics company, and Sendy, a Kenyan logistics startup, shut down due to funding problems.
10 Startups to Watch in 2025 in East Africa
East Africa's startup ecosystem attracted $725 million in venture capital in 2024, with climate tech surpassing fintech as the top-funded sector. Twiga Foods has streamlined food supply chains, reducing post-harvest losses from 30% to just 4% within its network.
Next Wave: Venture debt’s role in Africa’s startup ecosystem
Decline in VC deals and a tough macroeconomic environment have posed challenges for the African startup ecosystem. Venture debt is gaining traction as it provides working capital without diluting ownership.
Next Wave: Unfortunately, startups that go into administration are basically dead
The administration of a startup often leads to the closure of the business due to financial obligations and the inability to repay creditors. Funding and market fit are identified as two major hurdles for startups, with a lack of financing and failure to conduct market research being common reasons
