This is a Innovate Africa news story, published by Semafor.
For more Innovate Africa news, you can click here:
more Innovate Africa newsFor more tech startups news, you can click here:
more tech startups newsFor more news from Semafor, you can click here:
more news from SemaforOtherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best tech news, business news, entertainment news, and much more. If you like tech startups news, you might also like this article about
more African startup investments. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest African startups news, African startupsâ years news, tech startups news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
African investorsSemafor
•88% Informative
Investments in African startups totaled just $780 million in the first half of this year , down 60% from the same period last year .
In 2023 , African startups raised $2.3 billion from equity deals, less than half the year before.
Signs of macroeconomic stability in Africa 's top destinations for venture capital investment could boost optimism.
Innovate Africa , a Rwanda -based $2.5 million fund, rolled out this month .
It will invest an average of $ 50,000 in 20 early-stage startups.
The fund will back founders tackling âwicked problemsâ â â widely felt, painful problems whose solutions will cause tremendous change.
VR Score
92
Informative language
95
Neutral language
46
Article tone
semi-formal
Language
English
Language complexity
58
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
4
Source diversity
4
Affiliate links
no affiliate links