Experts see Trump’s tariff triggering domino effect on Nigerian startups
- Venture capital funding in Africa dropped to one of its lowest levels since late 2020, with only $50 million announced in March 2025.
- The US trade tariff pause could lead to unstable exchange rates and inflation, prompting investors to adopt a 'wait and see' approach.
- Nigerian exporters saw non-oil exports triple in 2024, despite the looming tariffs.
The ongoing trade tensions and tariffs present both challenges and opportunities for African startups. While the immediate effects may deter investment, there is potential for innovation and growth if businesses can adapt to the changing landscape. A strategic focus on building local infrastructure and improving intra-African trade could mitigate some of the negative impacts.
