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...
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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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Read the complete article from The Kenyan Wall Street
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Reports Highlight Economic Opportunities and Risks Across Africa - September 2025
The African Development Bank (AfDB) has cautioned that weak public financial management systems are threatening the continent's development goals, emphasizing a need for stronger budgeting and reporting. In a specific trade issue, Kenya is facing intense pressure to secure the renewal of the African Growth and Opportunity Act (AGOA) before its September 30, 2025 expiration to avoid significant economic repercussions. At the same time, the global competition for critical minerals and rare earth elements is intensifying, with Africa becoming a key focal point in this geopolitical scramble. Amid these challenges, a new report by Velex Advisory has identified the top five African countries that offer the highest Return on Investment for tech startups, highlighting their unique strengths and growth opportunities.
