Report Identifies Ethiopia, Morocco, Senegal, Ghana, Uganda as Emerging Markets for Venture Investors.

October 20, 2021

Investors have started eyeing previously less funded digital ecosystems, particularly in Morocco, Senegal, Ghana, Ethiopia, and Uganda. In hopes to increase business friendliness. Investors are moving away from the traditional ecosystems of South Africa, Kenya, Egypt, and Nigeria to invest in what may considerably increase the size and value of the emerging industry. Furthermore, the research, which examined 17 nations, used five factors to establish its shortlist of potential tech ecosystems: economic potential, business friendliness, human capital and lifestyle, cost-effectiveness, and connectivity, as well as a survey. Although start-up tech ecosystems in Africa are still in their infancy, more than $2 billion has been funded in the last two years. South Africa is the top African country in terms of investment having raised $241 million through over 700 companies over the time.

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