African start-ups raised 2.2 B$ in funding in 2024, a 25% decline compared to 2023. The relative underperformance is mostly due to a slow start of the year, with just under 800 M$ raised in H1, the slowest semester since 2020. FinTech and Kenya dominated the fundraising scene with big ventures attracting big investment tickets. Overall, the investor pool had been shrinking last year, yet the outlook remains promising with considerable untapped potential across the continent and business verticals.
Source: NTU Center for African Studies
