While Africa’s tech start-up scene has a small but growing list of unicorn companies, none hail from South Africa, due to a dearth of venture capital funding.
Indian tech start-ups raise $42 billion in 2021: Report : Rashtra News #Indian #tech #startups #raise #billion #Report Enterprise tech and e-commerce segments recorded the highest volume of funding in CY21 with an 18.7% and 12.8% share respectively in the same year. Indian tech start-ups broke all funding records in CY2021 (CY21), raising around $42 […]
By Jennifer Michael
The information and communications technology (ICT) sector has in recent times been a major player in solving societal issues and the Covid-19 pandemic made its essence felt even more. Across the globe, technological advancement is being used to proffer solutions and Nigeria is not left behind in the fast changing world of technology.
In 2019, Nigerian tech start-ups had attracted $122 million in seed funding and despite the pandemic that besieged the world in 2020, the industry had been able to attract investments worth over $120.6 million last year.
Tech start-ups in Nigeria have permeated almost all sectors, offering solutions from healthcare to agriculture, finance, trade, commerce amongst others. The sector which is comprised of mainly youths have been a major player in job creation in the country.