The AfricArena Grand Summit commenced today with the company's CEO, Christophe Viarnaud, predicting runaway success for the Africa tech ecosystem, which is anticipated to grow with more unicorns and soon approach $1 trillion in revenue.

According to Viarnaud, the event connects capital and tech entrepreneurs, and serves as a deal flow platform, and has since raised millions of dollars in the second quarter (Q2) of this year.

The investor lounge, which allows corporates and investors to meet start-ups and has a specialised crew to assist with introductions, is one of the event's highlights.

Second, the event includes the Digital Collective Africa initiative, which assists founders in scaling their firms and seeks to enhance the African tech community.

Viarnaud explains: "Because we need more funding, more exits, and more corporates to support the incredible entrepreneurs. So, today marks the end of a long year for us.

"Our number one, if only KPI is the amount of deals that will come out of this event we've raised so far we've had our founders raise over $850 million in Q2."

He went on to say: "So, we have this other great initiative called Digital Collective Africa, which is an open source platform that connects all of these links that I highlighted. Assist founders in building better, scaling better, and translating insights into action.

"Entrepreneurship, digital start-ups, and digital investments do not exist without activity.

"We believe that during the next five years, Africa will undoubtedly dominate the African market with more unicorns. We can make unicorns; we already have unicorns. Africa's tech sector will be worth more than a trillion dollars. And green energy solutions will take the lead in climate action. Africa is the cradle of invention."