85 days ago • Posted by William Ramstein

Africa sees surge in VC funding

Nigeria remained the VC's top destination with $307 million. At a close second was Kenya, accounting for $304 million of the total investments in the continent. Egypt came third, with its startups raising $269 million, while $259 million flowed into South African startups. Rounding up the top five was Ghana with $111 million, displacing Rwanda, which was fifth in Partech's 2019 list.