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BD Insider: Investors are ignoring AI startups in Africa

African AI startups contributed only $4 million across five deals in Q2 2024, accounting for less than 1% of the total investment.
5 minute read
BD Insider: Investors are ignoring AI startups in Africa
Photo: Malik Afegbua/SlickCity

In today’s midweek update, we look at:

  • Africa lags behind in Q2 2024 global AI funding
  • NCC wants to end tariff and data consumption complaints in Nigeria
  • MTN Nigeria takes the reins on MoMo PSB

Africa lags behind in Q2 2024 global AI funding

Malik Afegbua/SlickCity

AI companies have become a hotbed for investors globally, but this enthusiasm hasn’t yet extended to African AI startups.

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Last updated: December 31, 2024

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