Africa failed to mint a single new tech unicorn in 2025, as equity funding for billion-dollar startups fell to its lowest level in five years and IPO activity across the continent remained largely dormant, according to a review of startup financing trends.
The outcome marks a sharp reversal from
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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.
