Nigeria’s start-ups outperformed others on the continent by attracting an investment of $684.4 million in 2019 from 66 deals, according to a recent report by Baobab Insights.
This has made Nigeria – Africa’s biggest economy- clinch the first position of start-ups investments, followed by closely by Kenya with $640million investments from 49 deals and Egypt with $174million invested in 82 deals. On a continent level, Africa’s tech start-ups raised $1.93billion in 2019, representing a 63percent compound annual growth rate since 2015, the report says…
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