Data shows African startups raised between $2.9B and $4.1B total in 2023, down from $4.6B to $6.5B in 2022, with Egypt, Kenya, Nigeria, and South Africa leading (TechCrunch)

TechCrunch:

Data shows African startups raised between $2.9B and $4.1B total in 2023, down from $4.6B to $6.5B in 2022, with Egypt, Kenya, Nigeria, and South Africa leading  —  There was considerable debt uptake and regional VC diversification  —  After defying the global funding slowdown of 2022 …