African Tech Startups You Need To Know
Africa is heating up and on fire.
That statement, for once, has nothing to do with climate change, but with investor interest and technology momentum.
This modern-day scramble for Africa also has nothing to do with the colonization of African territory by European powers between 1881 and 1914, but is rather about the hunt for the Next Big Thing.
No longer the Dark Continent, life expectancy in Africa has increased by an astonishing eight years over the past decade and this burst of life is being replicated in its tech ecosystems.
From Cairo to Kigali, Cape Town to Lagos, Nairobi to Accra and Kampala to Dakar, tech hubs are rising faster than the cities that contain them.
By way of example, earlier this week, African software company Andela raised $40 million to connect Africa’s engineering talent into the global technology ecosystem.
From Forbes. Story by .
This financial round marks one of the largest investments ever led by an African venture firm into an Africa-based company and brings Andela’s total venture funding to more than $80 million.
Deals such as these are only the tip of the proverbial iceberg and in the UK others are realizing the opportunity.
Read more at Forbes.
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