startups

Africa’s Booming Startup Scene

The startup scene in Africa is accelerating at a rapid pace, according to Google’s 2021 Africa Developer Ecosystem report. African startups raised more than $4.3 billion in 2021 from local and international investors. That’s two and a half times the year before.

This growth is unequally distributed across the continent, with the four countries with the most software developers raising the most. In fact, 81 percent of venture capital funding in Africa went to Nigeria, South Africa, Egypt and Kenya.

Tech jobs are looking increasingly appealing, as pay increased by nine percent for a mid-level developer and by eleven percent for senior developers.

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This chart shows the latest stats from Google's Africa Developer Ecosystem 2021 on the startup scene report.

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Start-up funding raised in Africa 2023, by country
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Start-up funding raised in Africa 2021-2023, by selected countries
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Share of start-up funding raised in Africa 2019-2023, by CEO gender
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Share of start-up funding raised in Africa 2023, by gender
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Start-up funding raised in Africa 2019-2023, by CEO gender
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Start-up funding raised in Africa 2023, by founding team gender mix 2019-2023

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