• Latest
  • Trending
African tech took center stage in 2021

African tech took center stage in 2021

December 30, 2021
iOS 15.5 arrives ahead of Apple’s annual developer conference

iOS 15.5 arrives ahead of Apple’s annual developer conference

May 17, 2022
Researchers devise iPhone malware that runs even when device is turned off

Researchers devise iPhone malware that runs even when device is turned off

May 17, 2022
AMD Ryzen 7000 “Phoenix” APUs with RDNA3 Graphics to 3D V-Cache

AMD Ryzen 7000 “Phoenix” APUs with RDNA3 Graphics to 3D V-Cache

May 17, 2022
Huawei holds maiden ICT to develop 100,000 ICT Talents through LEAP in Ghana

Huawei holds maiden ICT to develop 100,000 ICT Talents through LEAP in Ghana

May 17, 2022
Nokia Moves HR Functions to Oracle Fusion Cloud HCM

Nokia Moves HR Functions to Oracle Fusion Cloud HCM

May 17, 2022
Ericsson and Turkcell Perform Turkey’s First 5G Connected Mobile Robot Demo

Ericsson and Turkcell Perform Turkey’s First 5G Connected Mobile Robot Demo

May 17, 2022
Relativity and ENSafrica to Help Expand the African Cloud Capabilities

Relativity and ENSafrica to Help Expand the African Cloud Capabilities

May 17, 2022
MTN Nigeria Adopts LigaData’s Time Machine

MTN Nigeria Adopts LigaData’s Time Machine

May 17, 2022
NVIDIA Certifies NetApp EF600 For DGX SuperPOD

NVIDIA Certifies NetApp EF600 For DGX SuperPOD

May 17, 2022
PNY Announced XLR8 DDR5-6000 MAKO RGB Memory Kits

PNY Announced XLR8 DDR5-6000 MAKO RGB Memory Kits

May 17, 2022
V-Color Manta XPrism RGB SCC DDR5-6200 CL36 2x 16 GB

V-Color Manta XPrism RGB SCC DDR5-6200 CL36 2x 16 GB

May 17, 2022
WD Announces WD Black SN850X and P40 Game Drive

WD Announces WD Black SN850X and P40 Game Drive

May 17, 2022
  • Consumer Watch
  • Kids Page
  • Directory
  • Events
  • Reviews
Tuesday, 17 May, 2022
  • Login
itechnewsonline.com
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion
Subscription
Advertise
No Result
View All Result
itechnewsonline.com
No Result
View All Result

African tech took center stage in 2021

by ITECHNEWS
December 30, 2021
in Africa Tech, Leading Stories
0 0
0
African tech took center stage in 2021

Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year ofreceiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019.

With high-profile visits from the most famous Jacks (Ma and Dorsey), a long-awaited first IPO by e-commerce giant Jumia and massive $100 million rounds, it was a sign of things to come for African tech.

YOU MAY ALSO LIKE

iOS 15.5 arrives ahead of Apple’s annual developer conference

Researchers devise iPhone malware that runs even when device is turned off

But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down.

It wasn’t a bad year, though. African startups nearly raised $1.5 billion and saw a couple of fascinating exits: Stripe-Paystack and WorldRemit-Sendwave.

Entering 2021, the bullishness of African tech stakeholders returned — and why not? As businesses reopened globally and the pandemic drove people to adopt new habits in e-commerce, work, spending money, online delivery, and learning, venture capital into various industries was poised to increase immensely, and Africa would not be exempt.

Predictions were made on how much the continent’s startups would raise in December. AfricArena, a tech ecosystem accelerator, pegged deals to close between $2.25 billion and $2.8 billion. Stephen Deng, the co-founder and partner of DFS Lab, a firm that invests in digital commerce startups, serially compared the 2016 Southeast Asia funding landscape to where Africa might be in 2021, at $3 billion.

Source: Kene-Okafor
Via: TechCrunch
Tags: African tech
ShareTweetShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Search

No Result
View All Result

Recent News

iOS 15.5 arrives ahead of Apple’s annual developer conference

iOS 15.5 arrives ahead of Apple’s annual developer conference

May 17, 2022
Researchers devise iPhone malware that runs even when device is turned off

Researchers devise iPhone malware that runs even when device is turned off

May 17, 2022
AMD Ryzen 7000 “Phoenix” APUs with RDNA3 Graphics to 3D V-Cache

AMD Ryzen 7000 “Phoenix” APUs with RDNA3 Graphics to 3D V-Cache

May 17, 2022

About What We Do

itechnewsonline.com

We bring you the best Premium Tech News.

Recent News With Image

iOS 15.5 arrives ahead of Apple’s annual developer conference

iOS 15.5 arrives ahead of Apple’s annual developer conference

May 17, 2022
Researchers devise iPhone malware that runs even when device is turned off

Researchers devise iPhone malware that runs even when device is turned off

May 17, 2022

Recent News

  • iOS 15.5 arrives ahead of Apple’s annual developer conference May 17, 2022
  • Researchers devise iPhone malware that runs even when device is turned off May 17, 2022
  • AMD Ryzen 7000 “Phoenix” APUs with RDNA3 Graphics to 3D V-Cache May 17, 2022
  • Huawei holds maiden ICT to develop 100,000 ICT Talents through LEAP in Ghana May 17, 2022
  • Home
  • InfoSec
  • Opinion
  • Africa Tech
  • Data Storage

© 2021 iTechNewsOnline.Com - Powered by BackUpDataSystems

No Result
View All Result
  • Home
  • Tech
  • Africa Tech
  • InfoSEC
  • Data Science
  • Data Storage
  • Business
  • Opinion

© 2021 iTechNewsOnline.Com - Powered by BackUpDataSystems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version