In 2024, Africa's venture capital (VC) landscape experienced a significant downturn, with total funding decreasing to $3.6 billion, marking a notable decline from previous years .
This reduction reflects broader global economic challenges impacting investment flows into the continent.
Despite the overall decline, certain sectors demonstrated resilience. The financial sector attracted the highest share of investments, accounting for 23 per cent of the total, followed by information technology at 20%, and non-essential goods and services at 17 per cent..
These figures underscore continued investor interest in sectors driving digital transformation and consumer demand in Africa
