Mastercard Foundation conference spotlights Africa’s edtech startups
- The Mastercard Foundation Edtech conference in Abuja brought together edtech startups, government officials, and investors to address the challenges faced by the industry.
- Edtech startups have struggled to convince investors, accounting for only 0.7% of total funding to tech companies in Africa.
- The decline in edtech funds is due to scalability issues and a lack of infrastructure in many African markets.
The Mastercard Foundation Edtech conference is an important platform for addressing the challenges faced by the African edtech industry. While investor interest has cooled, there is a need to prioritize scalability and infrastructure development to attract more funding. Collaboration between edtech startups, government programs, and investors is crucial for the growth and success of the industry.
