African startups raised $2.2B in 2024, down $2.4B from 2022
- Egypt launches e-voting platform to enhance governance.
- African startups raised $2.2B in 2024, down from $2.9B in 2023.
- Moniepoint secures $110 million Series C funding, becoming a unicorn.
While the decline in venture funding is concerning, the significant deals and the launch of innovative platforms like Egypt's e-voting system indicate a potential for recovery and growth in the African tech landscape. It is crucial for stakeholders to focus on building investor confidence and addressing the challenges faced by startups to sustain this momentum.
