Finance(Ecofin Agency) - Energy startups raised the most funds last month in Africa, pushing fintechs into second place. Throughout the past month, Startups active in Africa raised $144.3 million, up by 23.6% against the previous month. The amount raised last month was down by 22.6% compared to October 2022–$186.4 million were raised. On a regional basis, East Africa secured the most funds ($79.1 million), ahead of Southern Africa ($36.8 million), West Africa ($18.9 million) and North Africa ($9.5 million). Overall, 27 startups raised funds in Africa last October.

Source: The North Africa Journal November 07, 2023 19:43 UTC