Nairametrics
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
  • Economy
    • Macro-Economic News
    • Get Data
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
  • Economy
    • Macro-Economic News
    • Get Data
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Tech News

Nigeria leads as top African investment deals surpass 480 in 2021, $4.9 billion in value

Zainab Iwayemi by Zainab Iwayemi
January 4, 2022
in Tech News
Nigeria leads as top African investment deals surpass 480 in 2021, $4.9 billion in value
Share on FacebookShare on TwitterShare on Linkedin

Nigeria attained the number one spot on the list of African countries that had the highest number of deals across the continent as total investment deals – including undisclosed and unannounced deals – in the continent surpassed 480.

This is according to African Investment Report by Briter Bridges. South Africa emerged second on the list while Kenya and Egypt respectively followed in the third and fourth positions, with Egypt having one of the highest concentrations of African investors VS the ones overseas.

In value terms, the report found that the total estimated funding was $4.9 billion comprising $4.65 billion unannounced disclosed funding and $300 million undisclosed deals based on acclaimed data made available by investors.

Highlights of the report

  • Fintechs continue to account for the largest shares of funding on the continent, capturing almost two-thirds of the total funding in technology companies operating across Africa. The report found that 62% of the total funding goes to fintechs while health & biotech and logistics were next in line with respective 8% and 7% coverage.
  • The year 2021 saw 2 times growth in total volume since 2000 and 25% growth in announced deals recorded as top 20 deals worth $3 billion while 480 deals value $1.6 billion and 450 deals were valued at less than $1 billion.
  • Most funded products came from payments, solar home kits, assets financing, Point of Sales, banking amongst others while top trending products by volume cuts across payment, transfers, banking, medical delivery, B2B commerce, professional skill development amongst others.
  • The year also saw a spike in deals between $500 thousand and $5 million, indicating a strongly growing number of resources allocated to companies in stages equivalent to seed and series A; this, according to the report, may be linked to the renewed optimism since the start of covid-19 and the high early-stage activities of 2020.

What you should know

As the world learns to integrate Covid-19 into daily routines, work is retrieving and the interest in harnessing the business potential in Africa proves to be stronger and more intentional than it has been in the past.

After a gradual increase in the number of deals over the past few years, the year 2021 saw the highest number of single, non-M$A deals above $100 million. These investment sizes carry significant weight and act as a pull factor for several investors.

In 2021, there were newly available resources and increasing international investors shifting mandates to include Africa to support the promising entrepreneurs.

Despite capturing a relatively limited share of the overall economy, Africa’s startup ecosystem boasts of the ability to work as a catalyst for investment appetite whilst also attracting novel names.

Related

Tags: Africa investment dealsNigeria

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Access Bank
Bankers Committee
Flowmono

Bfpeer
Mega Millions
FCMB
Ikeja Electrics
Zenith CEX
Kwakol Markets
First bank





    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • UBA upgrades Chatbot features, as Leo launches service on Google Business Chat, Instagram
    • Terra co-founder, Do Kwon, summoned by South Korean parliament over Terra debacle
    • JAMB refutes error in its scoring system, reacts to plans to organize another UTME

    Follow us on social media:

    Recent News

    UBA upgrades Chatbot features, as Leo launches service on Google Business Chat, Instagram

    UBA upgrades Chatbot features, as Leo launches service on Google Business Chat, Instagram

    May 17, 2022
    Terra founder, Do Kwon, breaks silence and offers proposal to restore UST peg

    Terra co-founder, Do Kwon, summoned by South Korean parliament over Terra debacle

    May 17, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Ranking & Reviews
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
    • Economy
      • Macro-Economic News
      • Get Data
    • General News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com