African startup funding faced a 39 percent year-on-year decline in the entire period of 2023, a new report shows.
According to the Africa: The Big Deal, startups across Africa raised a total of $2.9 billion in 2023 compared to the $4.8 billion raised in 2022.
Despite this downturn, the report
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Chinwe Michael
Chinwe Michael is a financial inclusion advocate and economy journalist who uses compelling storytelling to drive awareness. With a background in Banking and Finance and experience across accounting, media, and education, she applies sharp analysis and attention to detail to every piece. She simplifies complex financial and economy concepts into engaging content for Africa and global audience. Chinwe also doubles as a speaker with global recognition for her expertise.
