African tech startups raised a record $1.64 billion through debt financing in 2025, a 63 percent increase from $1.01 billion in 2024, marking the highest level of debt funding ever recorded on the continent.
The number of debt transactions also surged to 108, up 40 percent from 77 the year prior,
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Royal Ibeh
Royal Ibeh is a senior journalist with years of experience reporting on Nigeria’s technology and health sectors. She currently covers the Technology and Health beats for BusinessDay newspaper, where she writes in-depth stories on digital innovation, telecom infrastructure, healthcare systems, and public health policies.
