Climate firms get 45% of African funding, fintechs raise $158m

The gloomy global economy portends danger for startups, especially fintechs, according to ‘Africa: The Big Deal report. The report noted that in 2024 so far, start-up funding in Africa is not quite what it was in previous years, in line with a global context that remains quite gloomy.

Consequently, Africa: The Big Deal said the sector that’s attracted the most funding in 2024 so far is not Fintech but Logistics & Transport (29 per cent, $215 million); and Energy & Water is a not-so-distant third (18 per cent, $132 million).

Read more at Guardian

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