Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019.
With high-profile visits from the most famous Jacks (Ma and Dorsey), a long-awaited first IPO by e-commerce giant Jumia and massive $100 million rounds, it was a sign of things to come for African tech.
But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down.
It wasn’t a bad year, though. African startups nearly raised $1.5 billion and saw a couple of fascinating exits: Stripe-Paystack and WorldRemit-Sendwave.
Entering 2021, the bullishness of African tech stakeholders returned — and why not? …
