Africa’s H1 2024 VC Trends: FinTech Leads, Agriculture and Logistics Rise
- FinTech maintained its position as the most funded industry in Africa, but saw a slight decrease in funding.
- Agriculture climbed two ranks to become the third most funded industry, driven by significant deals.
- Transport and logistics recorded a YoY increase in funding, highlighting its critical role in Africa's economic development.
The African venture investment landscape in the first half of 2024 shows both positive and negative trends. While FinTech continues to dominate, it faces a decline in funding. Agriculture and logistics show growth potential, but healthcare and e-commerce/retail face challenges. African startups and investors need to adapt and align strategically to navigate the evolving landscape.
