{"id":22582,"date":"2024-01-21T07:00:00","date_gmt":"2024-01-21T06:00:00","guid":{"rendered":"https:\/\/ecomnewsafrique.com\/?post_type=news&#038;p=22582"},"modified":"2024-01-19T18:49:15","modified_gmt":"2024-01-19T17:49:15","slug":"africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion","status":"publish","type":"news","link":"https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/","title":{"rendered":"Africa : Fundraising carried out by African start-ups recorded a drop of 36% in 2023 to stand at $3.2 billion"},"content":"\n  \n    \n      \nFundraising carried out by start-ups operating in Africa recorded a drop of 36% in 2023 to stand at 3.2 billion dollars compared to 2022 (5 billion dollars), according to data published on Wednesday 3 January 2024 by the digital economy consulting firm TechCabal Insights.\n\n    \n  \n\n\n  \n    \n      \nThis amount is the lowest since 2020 ($2.1 billion), the same source said.\n\n    \n  \n\n\n  \n    \n      \nOver the past year, fundraising overall saw a quarter-over-quarter decline, from $1.2 billion in the first quarter to $877.8 million the following quarter, then to $492. 7 in the third trimester. However, a slight increase was recorded in the fourth quarter ($551.2 million) compared to the previous quarter.\n\n    \n  \n\n\n  \n    \n      \nThe distribution of fundraising carried out by African start-ups in 2023 by sub-region shows that North Africa holds the upper hand with 33.67% of the total financing mobilized ahead of East Africa (26 .22%), Southern Africa (19.94%), West Africa (17.89%) and Central Africa (1.92%).\n\n    \n  \n\n\n  \n    \n      \nAs in previous years, four countries (Kenya, South Africa, Egypt and Nigeria) captured the majority of fundraising. Nicknamed the \u201cBig Four\u201d, they monopolized 74.9% of the total amount mobilized by all the countries on the continent.\n\n    \n  \n\n\n  \n    \n      \nThe sectoral breakdown of fundraising also reveals that start-ups operating in the field of financial technology (fintech) remain the best financed nuggets in Africa, with 45% of the total financing raised last year.\n\n    \n  \n\n","author":116,"featured_media":22583,"comment_status":"open","ping_status":"closed","template":"","tags":[713,699,784],"location":[505],"class_list":["post-22582","news","type-news","status-publish","has-post-thumbnail","hentry","tag-economic-analysis","tag-economy","tag-startup-2","location-africa"],"short_url":"https:\/\/bit.ly\/3u1VWHB","have_related_news":"done","chapo":"Kenya, South Africa, Egypt and Nigeria will account for nearly 75% of total fundraising on the African continent in 2023. Fintech companies remain the best funded start-ups.","media":{"src":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2024\/01\/Capture-decran-2024-01-18-a-18.12.51-550x360.jpg","srcset":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2024\/01\/Capture-decran-2024-01-18-a-18.12.51-550x360.jpg 550w","sizes":"550px","alt":"Capture d\u2019e\u0301cran 2024 01 18 a\u0300 18.12.51","width":550,"height":360,"ratio":0.56,"credit_photo":""},"media-news-header":{"src":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2024\/01\/Capture-decran-2024-01-18-a-18.12.51-1170x653.jpg","srcset":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2024\/01\/Capture-decran-2024-01-18-a-18.12.51-1170x653.jpg 1170w","sizes":"1170px","alt":"Capture d\u2019e\u0301cran 2024 01 18 a\u0300 18.12.51","width":1170,"height":658,"ratio":0.56,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Africa : Fundraising carried out by African start-ups recorded a drop of 36% in 2023 to stand at $3.2 billion - Ecomnews Afrique<\/title>\n<meta name=\"description\" content=\"Fundraising carried out by start-ups operating in Africa recorded a drop of 36% in 2023 to stand at 3.2 billion dollars compared to 2022 (5 billion\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa : Fundraising carried out by African start-ups recorded a drop of 36% in 2023 to stand at $3.2 billion - Ecomnews Afrique\" \/>\n<meta property=\"og:description\" content=\"Fundraising carried out by start-ups operating in Africa recorded a drop of 36% in 2023 to stand at 3.2 billion dollars compared to 2022 (5 billion\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/\" \/>\n<meta property=\"og:site_name\" content=\"Ecomnews Afrique\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-19T17:49:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2024\/01\/Capture-decran-2024-01-18-a-18.12.51.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1488\" \/>\n\t<meta property=\"og:image:height\" content=\"830\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/\",\"url\":\"https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/\",\"name\":\"Africa : Fundraising carried out by African start-ups recorded a drop of 36% in 2023 to stand at $3.2 billion - Ecomnews Afrique\",\"isPartOf\":{\"@id\":\"https:\/\/ecomnewsafrique.com\/#website\"},\"datePublished\":\"2024-01-21T06:00:00+00:00\",\"dateModified\":\"2024-01-19T17:49:15+00:00\",\"description\":\"Fundraising carried out by start-ups operating in Africa recorded a drop of 36% in 2023 to stand at 3.2 billion dollars compared to 2022 (5 billion\",\"breadcrumb\":{\"@id\":\"https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/ecomnewsafrique.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Africa : Fundraising carried out by African start-ups recorded a drop of 36% in 2023 to stand at $3.2 billion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ecomnewsafrique.com\/#website\",\"url\":\"https:\/\/ecomnewsafrique.com\/\",\"name\":\"Ecomnews Afrique\",\"description\":\"Toute l&#039;information \u00e9conomique des pays d&#039;Afrique\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ecomnewsafrique.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Africa : Fundraising carried out by African start-ups recorded a drop of 36% in 2023 to stand at $3.2 billion - Ecomnews Afrique","description":"Fundraising carried out by start-ups operating in Africa recorded a drop of 36% in 2023 to stand at 3.2 billion dollars compared to 2022 (5 billion","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/","og_locale":"en_US","og_type":"article","og_title":"Africa : Fundraising carried out by African start-ups recorded a drop of 36% in 2023 to stand at $3.2 billion - Ecomnews Afrique","og_description":"Fundraising carried out by start-ups operating in Africa recorded a drop of 36% in 2023 to stand at 3.2 billion dollars compared to 2022 (5 billion","og_url":"https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/","og_site_name":"Ecomnews Afrique","article_modified_time":"2024-01-19T17:49:15+00:00","og_image":[{"width":1488,"height":830,"url":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2024\/01\/Capture-decran-2024-01-18-a-18.12.51.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/","url":"https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/","name":"Africa : Fundraising carried out by African start-ups recorded a drop of 36% in 2023 to stand at $3.2 billion - Ecomnews Afrique","isPartOf":{"@id":"https:\/\/ecomnewsafrique.com\/#website"},"datePublished":"2024-01-21T06:00:00+00:00","dateModified":"2024-01-19T17:49:15+00:00","description":"Fundraising carried out by start-ups operating in Africa recorded a drop of 36% in 2023 to stand at 3.2 billion dollars compared to 2022 (5 billion","breadcrumb":{"@id":"https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ecomnewsafrique.com\/en\/2024\/01\/21\/africa-fundraising-carried-out-by-african-start-ups-recorded-a-drop-of-36-in-2023-to-stand-at-3-2-billion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/ecomnewsafrique.com\/en\/"},{"@type":"ListItem","position":2,"name":"Africa : Fundraising carried out by African start-ups recorded a drop of 36% in 2023 to stand at $3.2 billion"}]},{"@type":"WebSite","@id":"https:\/\/ecomnewsafrique.com\/#website","url":"https:\/\/ecomnewsafrique.com\/","name":"Ecomnews Afrique","description":"Toute l&#039;information \u00e9conomique des pays d&#039;Afrique","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ecomnewsafrique.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/news\/22582"}],"collection":[{"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/users\/116"}],"replies":[{"embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/comments?post=22582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/media\/22583"}],"wp:attachment":[{"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/media?parent=22582"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/tags?post=22582"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/location?post=22582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}