The rise of African tech startups in 3 charts

Jun 26, 2021

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Africa's youthful and growing population has created a good environment for startups. Image: REUTERS/Monicah Mwangi

Christina Golubski

Director, Africa Growth Initiative at Brookings.

Leo Holtz

Intern, Africa Growth Initiative at Brookings.

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Figure 1. Number of tech startups securing funding in Africa Image: Overcoming Africa’s Tech Startup Obstacles,” Boston Consulting Group, 2021.

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a chart showing start up funding in the us compared to the africa

Figure 2. Percentage of startups receiving venture capital funding, by funding stage, in Africa and the United States Image: Overcoming Africa’s Tech Startup Obstacles,” Boston Consulting Group, 2021.

a chart showing the reutn for venture capital in different regions

Figure 3. Average return for venture capital investors after five years – by region Image: Overcoming Africa’s Tech Startup Obstacles,” Boston Consulting Group, 2021.

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