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Published Dakar, SenegalUpdated

Africa’s 'Hidden Gems' Quietly Pull In USD 500 M+ Defying Usual VC Hotspots

Summary by WeeTracker
Africa’s tech boom is no longer confined to Nigeria, Kenya, Egypt and South Africa; the ‘usual suspects,’ or the 'Big 4' so to speak. In recent years, Francophone and Lusophone markets, from Dakar to Luanda, have quietly become startup hotspots. These economies boast uptrending GDP growth, expanding digital markets and growing startup communities, yet remain under-penetrated by global venture capital (VC). As one Angolan entrepreneur pointedly o…
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WeeTracker broke the news in on Wednesday, May 28, 2025.
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