In 2021, Nigerian startups received $1.37 billion of Africa’s $4 billion in funding.
Nigeria received the largest share of the $4 billion in startup funding that Africa, in particular, attracted in 2021, with $1.37 billion. Four countries emerged at the top, as expected: Nigeria, South Africa, Egypt, and Kenya. They accounted for 80% of total capital raised on the continent up until the end of November, with Nigeria…