African ecosystem
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Africa.com · Africa · Africa startup funding rises 26% in Q1 2026 to $705m, led by Egypt, South Africa and Kenya
Reports $705m raised across 59 deals in 14 countries in Q1 2026, a 26.5% year-on-year increase. Egypt led with $190m, followed by South Africa ($157m), Kenya ($94m), Nigeria ($78m) and Morocco ($48m). Notes the pivot away from pure fintech toward energy, logistics and agritech as infrastructure constraints erase the first-mover advantage of payments.
“Africa startup funding hit $705M in Q1 2026, up 26.5% year-on-year, led by Egypt, South Africa and Kenya as the ecosystem matures beyond fintech.”