Browsing: Africa’s tech Industry

• Tagger Media’s market will expand from $10.54 billion in 2022 to $94.24 billion by 2030.
• In 2022, South Africa became the first African nation to acknowledge crypto as a financial product.
• South Africa’s tech industry received US$993,684,600 in funding between January 2015 and May 2022.

Today, plenty of countries within the continent are in a race to attain Africa’s tech Hub titles. Names like Nigeria, Kenya, Rwanda, and Egypt have made headlines with their respective governments embracing new technology. Amid this race to glory, one contender has stood out since the beginning of the digital era, South Africa. As Africa’s most industrialized nation, South Africa has achieved numerous milestones within its digital transformation. In recent news, Tagger Media, the global leading influencer marketing platform, has set its sights on South Africa through an extensive partnership with Tribeez. 

If this collaboration runs its course, it could significantly propel the SA’s digital …

• African tech startup funding received $3 billion in 2022, highlighting the growing significance of the industry among potential financiers.
• Africa’s share of global blockchain funding, however, remains modest, increasing from 0.3 percent to 1.8 percent between 2021 and 2022.
• Seychelles’ gained $208 million for six deals while and South Africa earned $176.6 million from the same number of blockchain deals.

Blockchain startups in Seychelles and South Africa received nearly all the fresh funding raised in the segment in 2022. A new report shows blockchain startups from the two countries shared 81 percent of the $474 million fresh funding realized last year.

According to the African Blockchain Report 2022 by venture capital firm VC VC, startups in this segment are well within the fourth Industrial Revolution and are projected to play a huge role in Africa’s tech industry.

In 2022, Africa’s tech industry grew significantly as more investors poured millions of …

• Mpesa has a 7 % penetration of the GSM base in Egypt and 40% in Ghana while having a dominant 90% in Kenya.
• Kenya’s 91 startups got the third-largest capital inflow in Africa.
• A report released by Disrupt Africa indicated that Kenya’s average investment size was $6.3 million.

Africa’s tech Industry received a significant reveal as Kenyan tech startups accumulated $574.8 million(Ksh 71.7 billion) in funding last year. This figure astonishes many within the industry since it truly puts into perspective the current direction of Africa’s digital economy. Nowadays, funding tech startups is one of the few ways governments and organizations plan to stay ahead of the 4th Industrial Revolution. 

It is crucial to understand that Kenya, along with Nigeria and South Africa are at the top of Africa’s tech industry. In Kenya, 308 promising tech startups have inspired various organizations and governments to invest in them Nairobi, is the …