Africa’s startup funding market is holding steady at the top, but a sharp drop in small early-stage investments is raising concerns about the future of the ecosystem.
According to Africa: The Big Deal report, the 12 months to March 2026 show that startups across the continent raised about $3.3 billion, including $1.8 billion in equity and $1.4 billion in debt.
On the surface, this suggests resilience, especially after a period of global venture capital slowdown. But a closer look shows that the growth is being driven mainly by a few large
