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High-tech: the secrets of the incredible African record

Despite a low banking rate, investments in African start-ups exceeded $5 billion in 2021, thanks in particular to outstanding female entrepreneurship and strong mobile adoption. And now ? Overview.

Some 5.2 billion dollars, an increase of 264% in one year. This is the amount raised by African start-ups in 2021. « This new record reflects a very active ecosystem, where nearly three transactions are concluded per week », notes the investment fund Partech, which published a report in early February. extensive study on the subject. If some investors continue to fear conflict zones, the continent seems to be breaking a glass ceiling: that of fundraising of more than 100 million dollars. These have gone from 8 to 14 in one year. The presence of incubators like the iHub in Nairobi in Kenya contributes to this development.

Interesting to note, some 56% of the funds are allocated to start-ups that reinvent finance with the mobile phone, and the fundraising affects Nigeria as well as South Africa, Ghana, Morocco, Senegal and even the Ivory Coast. Internet coverage, which has increased by 23% in one year, shows a real acceleration in Algeria, Botswana, Ghana and Gabon.

There are differences even within these countries: 50% of Africans in urban areas use the Internet while they are only 15% in rural areas, notes the International Telecommunication Union (ITU). Above all, inequalities in access to education between men and women are still significant: in 2018, on the continent, 72% of young women aged 15 to 24 could read and write, compared to 79% of young men. However, notes the NGO Women in Africa, 27% of African women are entrepreneurs, which is the highest rate in the world. Allowing equal access to training is precisely one of the fights of Rebecca Enonchong, the creator of ActivSpaces, which helps women in rural areas in Bangangté, in western Cameroon. Testimony.

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