Skip to navigationSkip to content

Africa’s startup funding deals are entering the million-dollar era

By Quartz

The first decade of Africa’s tech startup funding has been led by angel and early-stage investors. Most of that funding was relatively modest: usually betweenRead full story

Comments

  • Also share to
  • As great as this increase in funding is, it is still minuscule compared to the investments made in the Western world. Regardless, technological development is advantageous to counteracting many of the issues that plague Africa today.

  • This is surly great news for tech on the African continent. The short and long term benefits for nations like Nairobi are immeasurable. If there is no middle of the road funding in the $1 million to $5 million space, there’s no way for mid-level, small business to grow. Now that this type of funding

    This is surly great news for tech on the African continent. The short and long term benefits for nations like Nairobi are immeasurable. If there is no middle of the road funding in the $1 million to $5 million space, there’s no way for mid-level, small business to grow. Now that this type of funding is taking off and international investment is significant we’re not just going to see business infrastructure improve in Africa, we’re going to see talent from the region introduce tech products and services that we will want to buy. In the long term this does not bode well for the US if it sustains a long term isolationist approach to the global economy. China, India, South East Asian nations and segments of Europe are all competing to fill the global, economic leadership gap. I wish the Africans well and welcome the powerful, new tech solutions they are going to bring to the global marketplace. I hope we will still be able to compete on the international playing field when they do.

  • It is astounding to me that in 2018 Africa is still perceived as this poor AIDS ridden country. That may be true parts of the continent, but other parts are thriving. It is so egotistical to believe that since Africa has gained it's Independence from white washing, it has become trash. I believe that

    It is astounding to me that in 2018 Africa is still perceived as this poor AIDS ridden country. That may be true parts of the continent, but other parts are thriving. It is so egotistical to believe that since Africa has gained it's Independence from white washing, it has become trash. I believe that Africa is in a kind of "coming of age" phase that we all read about in high school. It's just trying to sort things out both culturally and politically, since it's ideals were ripped away from it by Europe in the 1800's. This behavior does not surprise me at all as Africa is it's own idependent entity with supply and demand needs.

Want more conversations like this?

Join the Quartz community for all the intelligence, without the noise.

App Store BadgeGoogle Play Badge
Leaderboard Screenshot

A community of leaders, subject matter experts, and curious minds bringing nuance back to how we talk about the news.

Editors' Picks Screenshot

No content overload: our editors will curate the most notable and discussion-worthy pieces for you every day.

Share Screenshot

Don’t just read the story, tell it: contribute your ideas and experience to the dialogue.