Why Investors Are Piling into African Startups

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Why Investors Are Piling into African Startups


Africa’s tech startups raised a record $5 billion in 2021 as investors piled into firms trying to fix the continent’s thorniest problems. But money isn’t flowing evenly.

#Africa #Tech #BloombergQuicktake

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32 Comments

  1. We are a Kenyan consultancy ,keen on facilitating agricultural projects to source funding . As the lead project consultants, we are seeking funds for an eco-friendly apicultural community project in Gabon

  2. Soft tech.. Africa has to concentrate on the hardctech as well. Making instruments, electrical devices, computer chips, mechanical things, chemicals sewing them a together in a meaningfull yet noncompetitive way for Africa's mothers and daughters to live better lives.

  3. It's for the African countries especially Nigeria, Kenya, Cameroon and others to create an enabling environment, well funded and politically not interfered with, for Africa to lead the world in Artificial intelligence (AI)

    So far it's the African intellectuals who have played a major role in Morden day technology.

    The African intellectual in the diaspora joining with other Intellectuals within Africa will create miracles. Nothing is going to be impossible for Africa.

    Africa gave the world civilization from the days of building of the pyramids and the only World library of Knowledge in Alexandria, in those days.

    In the Morden Times Africans have contributed heavily to technological development of the world, just to name a few prominent names.

    1: Philip Emeagwali, computer scientist from Nigeria.
    Created the Connection Machine. The Connection Machine utilizes 65,000 computers linked in parallel to form the fastest computer on Earth. This computer can perform 3.1 billion calculations per second. It enabled inter- individual confidential internet connections in emails and cellphones possible.

    2: Henry T. Sampson is an African American inventor, best known for creating the world's very first cell phone. On July 6, 1971, followed by another Black Inventor Who Created the First Digital Cell Phone

    3: Jesse Eugene Russell, inventor of the first digital cell phone

    Many people attribute the invention of the smartphone to Europeans, but in fact, the first digital cell phone was invented by an African American man named Jesse Eugene Russell.

    4: Dr. Gladys West she created the Global Positioning Systems GPS in the 1980s, by developing the technology that contributed to the creation of the Global Positioning System, or GPS, which revolutionized modern society. Her contributions have been hidden for too long.

    5: Anyona Nyagaka Ouko invented MPesa, when still a university student in 2007.
    The easy to transfer money or shop through the mobile phone, instant telephone money transfer, also known as Mpesa was invented by a Kenyan, This invention started in Kenya and has spread throughout the world.

  4. Lol. China is over populated now they want to bring their people to Africa and take over. Power is taking never giving africa. Find out how many black people he has a manager, or Ceo or president of his company's that will tell you everything you want to know about him. Again africa should never sell land to foreigner in africa they can lease land for 2 to 4 years at a time. If they brake any laws their lease get cancel and they get kick out africa

  5. Next time put the names of the speakers, so that people can be abe to contact or reach them – Great video though. As a software engineer with a startup i am looking for ways to develop relationships with people who can help

  6. Just remember our heavenly father will punish leaders of 🇰🇪 Kenya 🇰🇪 that don't care for its poor people and the poor💕 that🧑🏿‍⚖️🧑🏾‍💼💕💕👉do not care for one🎎 another ok 👌 so the most high 👑📖 all will be punish who ⚰️🔥🔥🔥🪦🪦🪦🇰🇪🇰🇪🇰🇪who do not obey ok 🌧🌪🔥🔥🌪⚡️☄️☄️☀️it is he the world's belong to Aman📖🧑🏾‍💼🧑🏿‍⚖️

  7. The population of the world is diminishing. Europe, America, Asia. Just more and more old people. The only place with lots of young people hungry for bettering their lives is Africa. Rwanda, Nigeria, Kenya etc. These are the future tech-capitals of the world.

  8. AFRICA ISN’T A COUNTRY!!! Every country is different and people still refer to it as a country. In school in ameriKKKa, we were taught that Africa was a bunch of tipis and wild animals running everywhere. In reality there’s cities just as big and beautiful as New York City. What kills the whole continent is the fighting for control of the natural resources and in the end only the whites become rich while the natives suffer

  9. Darn it. I hoped I'd be unusual and visionary if I invested in African businesses, because it's the one continent where you can be sure the economy will grow greatly. I should have known that experts and professionals think of everything before you do. (FYI. This comment is kind of flippant. For one thing, I'd guess there is still opportunity.)

  10. One area many Africans are lacking is lack of computer labs in schools, I am in Somalia and there is no computers to learn basic IT, coding etc and that makes hard to get talent to build next tech innovations. We hope those big tech companies help schools get basic IT equipment across Africa particularly Somalia.