African Tech
4 articles
Development banks' aid risks emerging tech independence by 2026
In a major African tech hub, over 60% of seed-stage funding for local startups now originates from development bank-backed initiatives, raising questions about market-driven investment.
Africa Finance Corporation commits $100M to boost African tech startups
Africa Finance Corporation has committed $100 million to tech fund managers, targeting significant capital for African startups.
AFDB Boosts African Tech with New Funding Initiatives, Bulgaria Launches Innovation Fund
The African Development Bank has approved significant new funding for the continent's tech sector, including investments in the Breega Africa Seed I and Alterra Africa Accelerator Funds. This move, alongside Bulgaria's new innovation fund, highlights a global trend in fostering startup growth.
Japanese Investors Back $147M Venture Fund for African Startups
A consortium of Japanese companies has invested $147 million in a new venture capital fund managed by Novastar Ventures, targeting early-stage African startups. This significant capital injection focuses on sustainability and climate technology, providing crucial funding for the continent's rapidly growing tech sector.