Nigeria’s National Bureau of Statistics reported that the youth unemployment rate in Nigeria stood at approximately 53.40% in 2022. Despite this high unemployment rate, human resource experts have raised concerns about a significant talent gap in various sectors.
Kenyan climate startup Octavia Carbon raises $3.9m to fight greenhouse gas emissions
Octavia Carbon is a climate-focused company that builds Direct Air Capture (DAC) machines
Nigeria accounts for 14% as African startups raise $56 million in August 2024 – Report
A single raise by Nigerian fintech, Waza, gave the country a 14% share of total funds raised by African startups in August, which stood at $56 million.
African startup funding finally crosses $1 billion in 2024, 2 months later than 2023
This is coming amid a startup funding decline
African startups raise $187 million in May 2024 – Report
Startups across Africa announced fresh capital raise totalling $187 million in May, as funding improved compared to April.
Egyptian fintech Sahl raises $6 million in joint Seed and Series A funding round
Sahl has become a major player in the Egyptian fintech landscape, serving over 12 million customers monthly and 15 million households in Egypt
Key takeaways from FT’s fastest-growing companies list about fintech & e-commerce in Africa
Africa’s tech scene keeps growing, and at the heart of this growth are two sectors leading the charge: fintech and e-commerce – the wizards of convenience, bringing banking and shopping to your fingertips.
Here is a list of Africa’s top 10 biggest startups by valuation
Africa has emerged as a hotbed of innovation, with startups disrupting industries and capturing the attention of investors worldwide. From fintech to agriculture, these startups drive economic growth and address critical challenges many communities face.
Moove hits $750 million valuation after Uber’s $100 million investment
Mobility startup, Moove, has confirmed the earlier reported $100 million investment by Uber, bringing its valuation to $750 million after the deal.
African startups raised $217 million in February 2024 -Report
Startups across Africa raised a total of $217 million in February 2024, representing a 182% increase when compared with January.