In the last six years, Africa has seen the emergence of eleven $1 billion valuation companies with five of them coming from Nigeria.
The Endeavor Nigeria report revealed that Africa’s digital opportunity is large and growing. It estimated the size of the digital economy to be $115 billion and is expected to be $712 billion by 2050, which is to be driven by strong underlying fundamentals, accelerated by COVID-19.
According to it, investors are taking notice; between 2020 and 2021, funding for digital startups grew two times (2x) faster than global rates, and investors are becoming increasingly active in Africa.
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News Archive from before July 2018