Women-led African startups received $209.3 million in funding between 2019 and 2023, according to a report issued on March 8 by TechCabal Insights. This demonstrates that the African tech ecosystem remains deeply misogynistic, despite significant successes achieved by women. Being a minority in STEM (science, technology, engineering, and mathematics) disciplines and startup leadership positions, women are naturally less present during funding rounds. Following are the education & employment sectors ($38.8 million), e-commerce ($33.4 million), health ($25.8 million), and agriculture & food ($20.2 million). Per sub-regions, East Africa leads with 68.1% of the funding, followed by West Africa (19%), North Africa (6.9%), Southern Africa (5.3%), and Central Africa (0.7%).

Source: The North Africa Journal March 11, 2024 17:11 UTC