Top African countries for startup funding in 2025: Q2 performance forecast
African startups raised $460 million in Q1 2025, a 5% dip from Q1 2024's $486 million. Kenya, Nigeria, South Africa, and Egypt captured 83% of the total funding.
Cleantech takes the lead as African startups raise $469.9 million in Q1 2025
African startups raised $469.92 million in Q1 2025, a 27% increase from Q1 2024. South Africa was the top investment destination, raising $120.42 million.
B2B payment platform Nilos expands to West Africa, promising faster and cheaper cross-border payments
Nilos has announced its expansion into West Africa, specifically targeting the Ivory Coast, Senegal, Benin, and Togo. The company will introduce instant payouts in the West African CFA franc (XOF) to enhance transaction speed.
