Startup Shutdowns

The Better Africa Report: Five Out Of Every Ten Startups Failed In Africa In The Last Ten Years

By  |  March 12, 2020

In 2019, African startups created a milestone by garnering USD 1.34 Bn in VC investment, which was an impressive growth over the previous year’s funding value. 

As the ecosystem grows, we have witnessed a few more research and information providers coming out and providing data on investments in the VC space. However, there has been no data, whatsoever, on the failure rates and performance indicators of African ventures. 


Most Read


Beyond The Serengeti: A Journey Through Tanzania’s Startup Ecosystem

Nestled amidst the captivating landscapes of East Africa, Tanzania emerges as a rising


Africa’s Crypto Startups Are Chasing Greener Pastures As Coin Craze Cools

At the point where Bitmama; a Nigerian crypto startup serving multiple African countries,


A Year Later, Central African Republic’s Bitcoin Ambition Hangs In The Balance

In April 2022, an untapped market in the heart of Africa made headlines