These are the next startup investment hotspots in west Africa

June 30, 2022

Startup tracker, Africa: The Big Deal’s figures show that since 2019, west African startups have hauled in $4.2 billion, representing 41% of the total funds logged in Africa in that period.

“Startups in the region have attracted more funding than in northern and eastern Africa combined during the period,” its weekly analysis read in part.

This is in part thanks to Nigeria which gobbled up over 86% of the funds raised in west Africa, during the period, making the populous nation the continent’s most vibrant VC market.

According to the Deal, that’s 6 out of every 7 dollars raised in west Africa.

Read the complete article on Quartz Africa >

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