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African Startups RISE

African Startups Defy Global Economic Slowdown, Doubles Funding in First Half of 2022

From our internal data, Africa is moving into a cambrian moment of entrepreneurial capitalism. The global slowdown has no impact on the African startup ecosystem: "Venture capital deals on the continent reached $3.5 billion in the first six months through June, more than double the amount recorded in the same period last year 2021”. There is a reason for that - we're still at the infancy stage, and any maturity is years away.  At Tekedia Capital, we raised more funds for our startups in HI 2022 than last year. In short, one startup raised $650,000 in 72 hours! #believe