Country ranks third as investors eye Rwanda, Senegal and Uganda
Out of the $560 million technology startup investments that entered Africa in 2017, Nigeria earned $114.6 million.
The country ranked third after South Africa and Kenya, which got $167.9 million and $147 million respectively. The three countries accounted for 76 per cent of the total funding that came into the region last year.
Technology startups are young companies, mostly entrepreneurs, which are just beginning to develop.
The Global System for Mobile telecommunications Association (GSMA), which revealed these figures at the just concluded Mobile 360 Conferences in Kigali, Rwanda, noted that lately, investors’ attentions have tilted towards countries including Ghana, Rwanda, Senegal and Uganda.
This reason,…
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