The Africa Finance Corporation — which mainly deploys capital for infrastructure projects — will invest $100 million in venture capital firms that back technology companies on the continent.
African startups raised about $3.2 billion in 2025, a 40% increase from the year before. But while overseas investors drove a wave of multimillion-dollar funding rounds in the continent’s tech scene over the last decade, a pullback in recent years following interest rate rises in the US has prompted calls for increased African investment.