2024: A Mixed Year for African Startups as Funding Shifts Toward Sustainable Growth and Profitability
Funding for African startups surpassed $2 billion last year, indicating a return to pre-pandemic levels. A notable drop in mega-deals has led investors to prioritize sustainable business models.
How Wale Ayandiran defiled all odds to build a global tech career
Wale pursued computer science in Nigeria, overcoming significant challenges to develop his programming skills. He founded Latsil Technologies while studying, providing IT services and building software solutions for clients.
Nigeria secures $40M Startup Seed Fund backed by Japan to boost tech innovation
The Nigerian government is launching a $40 million fund for early-stage technology startups. Half of the fund will be provided by the Japan International Cooperation Agency (JICA).
LoftyInc Capital Secures $43M First Close for New Pan-African Fund
LoftyInc Capital Management raised $43 million in the first close of its LoftyInc Alpha Fund. The fund targets key African markets including Nigeria, Egypt, Kenya, and Francophone Africa.
LoftyInc secures $43 million first close for new Africa seed fund
LoftyInc Capital Management secured a $43 million first close for its LoftyInc Alpha Fund. The fund targets late-seed investments in Africa's high-growth tech startups.
