The State of Tech in Africa 2021 Report
Going into its fifth year, AfricArena has the privilege of operating in three key spheres that underpin Africa’s economic landscape. These being: tech startups, corporations, and investors (i.e. angel investors, VCs, CVCs and other institutional investors). Through open innovation challenges, in partnership with corporations, we aim to bring together these 3 spheres, to foster co-investment and collaboration that can move the economies and people of the continent forward.
This research provides insight into the opportunities, challenges and trends in tech innovation and investment in Africa, from the perspectives of startup founders, investors and corporates. The report unpacks the stories behind the numbers - the VC landscape in Africa; analyzing key performing sectors; profiling innovative startups and technologies; exploring how founders fund their businesses; why and how corporations utilize open innovation strategies, and a general oversight of the tech ecosystem in Africa.