In the African funding landscape, startups raised a record $4.8 billion in 2022, after a pretty solid first half of the year, however, funding slowed down in the second half of the year.

The Western African region remained firmly in the lead, despite experiencing a small decrease. Startups in the region took a $1.8 billion share out of the total $4.8bn raised in Africa in 2022. However, this figure represented a 12% decline from the $2 billion raised in the region in 2021.

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