According to the Climate Policy Initiative, just 3% of global climate finance flowed to Africa in 2023, and less than 0.5% of that targeted early-stage tech ventures.
A new wave of deeptech startups is emerging from African university labs, but turning complex science into a global business often requires more than just a brilliant academic at the helm.
As traditional development assistance from major donors like the US and UK faces cuts, the need for sustainable, locally-led health solutions is growing.
Cameroon now accounts for over 70% of all mobile money activity in the six-nation CEMAC bloc, which the Bank of Central African States (BEAC) reported processed over €90bn in transactions in 2022.
The investment theses of Africa's CVCs are often less about radical disruption and more about pragmatic self-interest. African founders are taking note.
This bank-fintech tie-up is a noteworthy example of embedded finance in an emerging market, where a large incumbent institution opts to integrate a specialist’s technology rather than build its own competing product.
According to the Climate Policy Initiative, just 3% of global climate finance flowed to Africa in 2023, and less than 0.5% of that targeted early-stage tech ventures.
Dr. Islam Azzam, a former managing director of a national fund targeting startups, takes the helm of the Egyptian Exchange amid a flurry of pro-tech market reforms.
