Tech Spot: African startups achieve unicorn status

Wed, 24 May 2023 02:31:59 +0000

Here's another episode of our Tech-Spot series, where we bring you the groundbreaking new concepts in technology disrupting traditional sectors. On this episode, we delve into the wave of optimism around African startups that has now led to surge in unicorn numbers on the continent.
Attaining unicorn status is a coveted title for any startup. In Africa, the first two unicorns were online retailer, Jumia and fintech giant Interswitch. Well, today more local startups are hitting that $1 billion valuation, by attracting massive funding from venture capitalists.

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