Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Finance

Kenya’s startups captured the largest share of investments in Africa, in H1 2018

Monday, 09 July 2018 16:47

(Ecofin Agency) - A recent Global Tech Media WeeTracker report revealed that between January and June this year, Kenyan startups captured the largest share of investments made in Africa.

Over the period, African startups completed 118 transactions and mobilized $168.6 million. Nigeria attracted the most investors handling 31 transactions for $29.41 million. However, Kenya realized 23 deals but captured the lion’s share of investments valued at $82.86 million. Egyptian startups came third followed by South African startups, in terms of transactions handled.

As far as ventures are concerned, the largest investment ($47.5 million) during the period was granted to Kenya’s online payment service supplier Cellulant, followed by micro-loan platform Branch ($20 million). Meanwhile, the power distributor M-Kopa Solar, raised $10 million.

Let’s note that overall, 28 African startups raised over $1 million in financing during the first half 2018.

Chamberline Moko





 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.