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Since 2018, global aid to Africa has been on a declining trend, with major donors such as Germany, France, Norway, and the UK reducing their financial support.

Total investment into the African tech startup ecosystem fell by more than 50 per cent to US$1.1 billion in 2024 as the impacts of the global capital shortage continued to make themselves felt on the continent.

Kenyan startups raised more funding in Africa for the second consecutive year, surpassing startup powerhouses like Nigeria and South Africa. Experts have been attributing this rise to some key factors driving this trend.

The IFC has disclosed a proposed equity investment of up to $6 million in the Ventures Platform Pan-African Fund II.

MTN Ghana has recorded over $1 billion in revenue for the year 2024, driven by strong data and mobile money performance.