As of 2023, startups in Kenya managed to raise around 800 million U.S. dollars. The startup scene was also popular in Egypt, with 640 million U.S. dollars raised, followed closely by South Africa with 600 million U.S. dollars. Moreover, Ethiopia and Guinea raised only three million U.S. dollars each. Startups in countries such as Mali, Somaliland, and Angola raised below one million U.S. dollars each.
Start-up funding raised in Africa in 2023, by country
(in million U.S. dollars)
Characteristic
Funding raised in million U.S. dollars
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Africa The Big Deal. (January 17, 2024). Start-up funding raised in Africa in 2023, by country (in million U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1470280/start-up-funding-raised-in-africa-by-country/
Africa The Big Deal. "Start-up funding raised in Africa in 2023, by country (in million U.S. dollars)." Chart. January 17, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1470280/start-up-funding-raised-in-africa-by-country/
Africa The Big Deal. (2024). Start-up funding raised in Africa in 2023, by country (in million U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1470280/start-up-funding-raised-in-africa-by-country/
Africa The Big Deal. "Start-up Funding Raised in Africa in 2023, by Country (in Million U.S. Dollars)." Statista, Statista Inc., 17 Jan 2024, https://www.statista.com/statistics/1470280/start-up-funding-raised-in-africa-by-country/
Africa The Big Deal, Start-up funding raised in Africa in 2023, by country (in million U.S. dollars) Statista, https://www.statista.com/statistics/1470280/start-up-funding-raised-in-africa-by-country/ (last visited August 25, 2024)
Start-up funding raised in Africa in 2023, by country (in million U.S. dollars) [Graph], Africa The Big Deal, January 17, 2024. [Online]. Available: https://www.statista.com/statistics/1470280/start-up-funding-raised-in-africa-by-country/