Funding For Nigerian Tech Firms Drops By 30%
Jul 22, 2022 ·
2m 19s
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Description
Africa: The Big Deal reports that Investment in Nigerian tech dropped by 30 percent towards the end of the second quarter of 2022 Data from the database and insights firm...
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Africa: The Big Deal reports that Investment in Nigerian tech dropped by 30 percent towards the end of the second quarter of 2022
Data from the database and insights firm which focuses on startup funding above $100,000 in Africa showed that of the big four in Africa — Nigeria, Egypt, South Africa, and Kenya—only Nigeria witnessed a dip in the quarter.
He explained that with rising interest rates in the United States, investors are diverting their funds to safe places like the US treasury bills than investing in uncertain markets.
show less
Data from the database and insights firm which focuses on startup funding above $100,000 in Africa showed that of the big four in Africa — Nigeria, Egypt, South Africa, and Kenya—only Nigeria witnessed a dip in the quarter.
He explained that with rising interest rates in the United States, investors are diverting their funds to safe places like the US treasury bills than investing in uncertain markets.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
| Website | - |
| Tags |
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