Kenya, Nigeria and Egypt Attracted The Most Startup Funding in 2024
- Kenya ranked first in startup funding in 2024.
- Kenya attracted more than $638 million for startups.
- Nigeria secured $410 million in startup funding.
The significant funding attracted by Kenya, Nigeria, and Egypt reflects the increasing confidence in the African startup ecosystem. This trend could lead to more innovation and economic growth in the region, but it also raises questions about sustainability and the ability of these startups to scale effectively.
