Funding for startups
As more people enter into entrepreneurship on the continent, investors, both within and outside Africa, are getting attracted.
Last year, African tech startups received $560 million in funding from local and international investors. This is an increase from the $366 million raised in 2016.
Naspers, Africa’s biggest e-commerce and digital company, last year invested as much as $69 million investment in TakeALot, a South African e-Commerce startup.