Is Africa’s startup funding winter finally over? That’s the question we explored in a recent conversation with Andrew Fassnidge, Founder of Africa Tech Summit, on The TechTrends Podcast.
After two tough years marked by valuation corrections, shutdowns, and investor caution, we are now seeing funding activity return across the continent. But this rebound looks different – more disciplined, more strategic, and more grounded in real business fundamentals.
Andrew shared a powerful perspective: the downturn wasn’t just a setback. It was a reset. The ecosystem is maturing. Founders are building with clearer revenue paths. Investors are deploying more intentionally. And the hype cycle is giving way to sustainable innovation.
What’s especially interesting is where the new momentum is concentrated. Beyond fintech, we’re seeing strong growth in:
- Climate and clean energy innovation
- Agriculture and food systems technology
- Electric mobility
- And the emerging infrastructure required to support AI in Africa
The shift signals a continent not just adopting technology, but shaping it around its own realities.
There’s still work to be done, especially when it comes to funding women-led startups. But the direction of travel is clearer than it has been in years.
Full conversation coming soon on The TechTrends Podcast. This episode is also available on the following podcast streaming platforms:
Go to TECHTRENDSKE.co.ke for more tech and business news from the African continent.
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