Why Investors Are Piling into African Startups

Africa’s tech startups raised a record $5 billion in 2021 as investors piled into firms trying to fix the continent's thorniest problems. But money isn't flowing evenly.

#Africa #Tech #BloombergQuicktake

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[EthanAnderson-ln]

I reached $90k today from renting and reselling modular homes from Proopsy. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in November 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area.

[Chris-gynm]

Mpesa helps me pay my school fees from DRC. Thanks Mpesa!

[rahulsharma]

All the best to Africa! Start-ups are pivotal for helping people grow out of poverty.

[jaybee]

Bloomberg have been bringing us Africa related stories. Nice 👍🏿 thanks.

[alfabraxton]

*Am proud to be a Kenyan, keep on shining Africa*

[soulfulwapechi]

So amazed to see a strong effort of tech growth in Kenya! Especially glad that Bloomberg is shining a light on this.

[dantatadangote]

Kudos to Bloomberg for covering Africa fairly. You do not see that with a lot of Western media outlets.

[donaldmwenesi]

M-pesa was a success even before the world realized it. I think the same energy needs to be reciprocated in our African health sector.

[imacuser]

This is absolutely amazing! I wish all of these companies the utmost success!

[stevilburgess]

go Africa love from Australia. loved my visit to Kenyan nicest people ever.

[smilesandshines]

Really happy to see the future of AFRICA

[YoungMesrine]

Love from Gabon 🇬🇦..let's go Kenya let's go Africa

[DaggieBlanqx]

I can't remember the last time I handled physical cash - thanks to MPESA.
I am glad to see Bloomberg showing Africa's startup scene, more of this visibility will solve the problem.

[WillieFungo]

This is real Africa news, not the relentless negativity and fixation on social issues you see in France24 or BBC.

[bgiv]

Further proof that being plundered for centuries cannot stop the source of true greatness!

[TechSiyaad]

One area many Africans are lacking is lack of computer labs in schools, I am in Somalia and there is no computers to learn basic IT, coding etc and that makes hard to get talent to build next tech innovations. We hope those big tech companies help schools get basic IT equipment across Africa particularly Somalia.

[syyke]

Kenyans are obsessed with tech and the internet, commenting from Nairobi

[lowyieldbondfunds]

This is so awesome to see! I hope tech brings prosperity to Africa.

[MGZetta]

It's time for Africa to become one of the economic superpowers.

[bensawadogo]

I am a 16 years old Boy and I am passionnate about Business and Tech, And I will be launchching my Billion Dollar FinTech App in 2 years