tech resilience

After a record $6.5bn raised in 2022, what next for African tech?

By Harry Clynch

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Posted on February 8, 2023 11:41

A woman shows a screen of her smartphone, where Access bank mobile app is seen among others, in Abuja © A woman shows a screen of her smartphone, where Access bank mobile app is seen among others, in Abuja, Nigeria September 21, 2020. REUTERS — A woman shows a screen of her smartphone, where Access bank mobile app is seen among others, in Abuja, Nigeria September 21, 2020. REUTERS

Despite a difficult global economic environment last year, which saw funding opportunities for technology start-ups and fintechs limited in most major markets, Africa’s tech ecosystem grew in 2022.

According to data compiled by Partech, a global investment platform, funding in Africa was up 8% last year and totalled $6.5bn – beating the previous record set in 2021.

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