Africa’s start-up funding rose in March, but the gains masked a deeper shift in investor behaviour, with capital increasingly flowing into fewer, more mature companies through debt rather than equity.
Africa: The Big Deal's latest report showed that start-ups across the continent raised $151 million in deals above $100,000 during the month, nearly three times the amount recorded a year earlier.
Still, the figure remains below the 12-month monthly average of $266 million, highlighting the uneven pace of recovery in the ecosystem.
More telling
