Storytelling with Data: Analyzing Africa's Tech Funding Landscape
This Looker report tells the story of an in-depth analysis of Africa's tech funding landscape. It also highlights a key challenge that Africa Tech companies face, poor availability to open source data which can inform investors , government institutions about the risks associated with investing in Africa.
Key Insights:
- Highest Funded Companies:South Africa received the highest funding, $5.02B, with Nigeria and Egypt rounding up the top 3.
- Highest Funded Cities:Lagos, Nigeria received the highest funding, $2.68B, with Radburg and Cape Town, both in South Africa rounding up the top 3.
- Data Acquisition Challenges:28% of companies have no disclosed Latest funding,91% had undisclosed Latest valuations and 99%had undisclosed net profit.
Project Impact:
- Informed Investment Decisions: This analysis revealed the need for Africa tech firms to disclose more data for the ecosystems advancement. The more data that is out there , the better investors can make informed decisions to invest in various sectors and countries , boosting the ecosystems performance