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This Article is From Apr 07, 2022

African Tech Sector Is Sprouting Unicorns and Raking in Billions

Africa’s Tech Sector Is Sprouting Unicorns and Raking in Billions

Africa's tech startups raised a record $5 billion in 2021 as investors piled into firms trying to fix the continent's thorniest problems. But a lot of that money isn't flowing evenly.

In this episode of Bloomberg's Africa+, we explore how the burgeoning fintech scene in Nairobi and elsewhere is sprouting a growing number of unicorns, and what those companies need from governments to keep succeeding.
 

©2022 Bloomberg L.P.

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