Next Wave: How investor activity changed after 2022
- A surge in startup funding in Africa's tech ecosystem in 2021 fueled by foreign capital and a low-interest rate environment.
- Major investors like Tiger Global and SoftBank pulled back due to rising interest rates and geopolitical tensions.
- Local investors and accelerators have stepped up to foster a more sustainable and resilient environment in Africa's tech ecosystem.
The pullback of major investors like Tiger Global and SoftBank highlights the vulnerability of Africa's tech ecosystem to external factors. While this presents challenges, it also creates an opportunity for local investors and accelerators to play a more significant role in fostering a sustainable and resilient environment. Africa's tech ecosystem has the potential to become a major player in the global tech landscape, but it will require attracting and retaining top talent, developing a robust exit market, and fostering a supportive regulatory environment.
