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Originally published by The Kenyan Wall Streetbusiness
September 17, 2025
4h ago
These 5 African Countries Offer the Highest ROI for Startups, According to Velex Advisory
At Velex Advisory, we’ve spent over 10 years helping investors identify, enter, and thrive in Africa’s most promising markets...
✨ Key Highlights
A new report by Velex Advisory identifies the top five African countries offering the highest Return on Investment (ROI) for tech startups, highlighting their unique strengths and opportunities for growth.
- Kenya led in funding in 2024 with over $638 million raised, largely driven by fintech and climate tech, with companies like M-KOPA securing over $250 million.
- Nigeria, with its large consumer market of over 220 million people, saw startups raise around $520 million in 2024.
- South Africa attracted over $450 million in startup funding in 2024, with TymeBank's $250 million Series D round being a significant highlight.
- Rwanda is praised for its innovation-friendly environment and government support, despite lower absolute funding volumes.
- Egypt emerged as a key market with its young, digitally engaged population, and MNT-Halan secured $157.5 million in new capital.
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