Mega-deal investments prop up Africa’s Fintech space
Market research shows significant increase in volume of deals.
Vincent Matinde
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Worldwide tech M&A deals total US$243.37-bn in Q4 2020 - GlobalData
Value of disclosed M&A market in Africa was US$1.12bn in 2020, according to Briter Bridges research.
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Africa’s disclosed VC investments reached US$2.4bn in 2020
Despite COVID-19 disruptions, investor interest in African start-ups remained strong, with fintech retaining the lion's share of total funding, says Briter Bridges.
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Africa tech hub ecosystem surges
Technology hubs thrive across Africa, with a total of 643 identified as of October, as the continent seeks to create its next ‘unicorns’.