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Ethiopia’s Total Startup Funding Grew The Most In Africa Between 2019-2020, Up By 9,160%.

Updated: Feb 8, 2023

The biggest growth story in Africa in 2019-20 went to Ethiopia, which saw five startups raise US$2,315,000, up 9,160% from the single US$25,000 recorded in 2019.

US$2 million of this went to software development and training company Gebeya.


Infographic: African Tech Startups Funding Report

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