Planet geek – Women are shaking up African high-tech

27% of African women start a business, while fundraising for start-ups on the continent has been booming in 2021.

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Published on 02/19/2022 at 09:10

$5.2 billion. This is the amount raised by African start-ups in 2021, notes the latest report from the investment fund Partech, which lists some 680 fundraisers on the continent. “This new record reflects a very active ecosystem, where almost 3 transactions are concluded per week”, adds Partech Africa. Above all, the continent seems to be breaking a glass ceiling: that of fundraising of more than 100 million dollars. They went from 8 to 14 in one year. Another notable fact, some 56% of the funds are allocated to fintech. And these funds benefit from the African paradox, namely the lower bankarization of the continent. Of course, we must not delude ourselves. Many investors are still afraid of conflicts on the spot, and strong inequalities remain…

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Section edited by Guillaume Grallet

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