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  • Forbes Africa

    The Funding Surge

    Sep 30, 2022 4 minutes
    BY PEACE HYDE

    AS FUNDING FOR STARTUPS FALLS ACROSS the globe, Africa it seems, is undergoing a renaissance in this regard.

    “We are seeing a time where funding for African startups rose to a massive $3.14 billion in the first six months of this year alone,” says Eric Idiahi, Co-Founder and Partner at Verod Capital, a leading West African private equity investor. “That is unprecedented and it really shows the interest in the continent!”

    African entrepreneurs are raising money to solve pertinent socioeconomic problems on the continent ranging from financial inclusion, providing access to healthcare for the underserved and vulnerable and bridging the education gap.

    “Africa investment firms and angel networks

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