Nigeria’s startup equity funding fell to $191 million in 2025 from $300 million in 2024 as investors chose destinations with clearer regulatory environment and startups with better clarity.
South Africa continued to top Africa’s startup equity funding, outpacing traditional powerhouses such as Nigeria and Egypt with a record $484 million raised in 2025, according to the latest Africa: The Big Deal report.
For the third consecutive year, South Africa has dominated the continent’s equity investment landscape, accounting for 30 percent of al
