The CEAC was created as a cornerstone of Senegal’s Startup Act, which was ratified in 2021 by President Macky Sall following its 2020 adoption by the National Assembly.

Much of the investment flowing into Kenya has been directed towards climate tech companies.

The startup’s platform offers farmers an integrated system that includes real-time monitoring, emergency alerts, remote control features, and data-driven analytics to implement best farming practices.

Nawy, Africa’s largest proptech platform, sees the acquisition of ROA as a natural extension of its mission to simplify real estate transactions for buyers, sellers, and investors.

At its peak investment phase in Africa in 2022, Adaverse allocated up to $200,000 per startup, targeting ventures that combined sector expertise with Web3 innovations.

However, SWVL has scaled back its global presence, retaining operations only in the UAE, Egypt, and Saudi Arabia after divesting its subsidiaries in other regions.

As Y Combinator and other global investors scale back their focus on emerging markets, African startups may need to rely more on local ecosystem builders and support systems.

Fonds Capital Venture (FCV) is a Moroccan investment fund based in Casablanca. FCV focuses on early-stage investments in high-potential local businesses.

While 2024 has been a year of reckoning for African startups, it also offers a moment for recalibration.

The Bank of Tanzania (BOT), the country’s central bank, issued a directive warning merchants against levying fees on card transactions.

In just one year, JOBO Interim has qualified 30,000 workers, with an additional 60,000 in the pipeline.

Under her guidance, Hack&Pitch expanded to over 100 universities and institutions across Morocco’s 12 regions, inspiring talents who could rival those of Silicon Valley. Her impact transcended borders, with initiatives extending to Senegal, Mali, Burkina Faso, and Jordan.