1、Contents7 Acknowledgements 9 Foreword12 Executive Summary13 Funding Rebound Fueled by Larger Deals15 The Rise of Venture Debt as a Funding Tool18 Data Discrepancies Remain in the Numbers21 Regional Rebalancing:North and Southern Africa Surge24 Sector Shifts:Fintech Steady,Climate&AI on the Rise27 Ex

2、its and Maturity:Progress and Remaining Fragility2025:A Look at the NumbersSECTION 1-THE NUMBERSLooking beyond30 Introduction30 A Look at the Big Four40 Ecosystem Spotlights:Zoom in45 Key TakeawaysOverview of the African Tech Ecosystem in 2026SECTION 246 Introduction47 Climate Tech:Break Out Year in

3、 Africa 49 Fintech:A maturing sector of Unicorns54 AI:From Pilot to Structural Integration Across the Continent58 The Expansion on Mobility 63 Healthtech:Breakout Out Year Of Large Deals67 Agritech:AI and Financial Integrations in the Food Chain Africas Tech Sector and Startups Trends:Unveil-ing the

4、 Landscape for 2026SECTION 3Contents73 A Deep Dive into the Digital Collective Africa and the VC Unconfer-ence Hosted in 202574 Rethinking Venture Capital for the African Market78 The Stateof Venture Studios In AfricaThe State of Venture Capital Investing in AfricaSECTION 487 References92 Glossary82

5、 Key Predictions for 2026 and Beyond for Investment in Africa Tech StartupsConclusion:Predicting the FutureSECTION 5-2026Key Preditions for4AFRICARENA|The State of Tech In Africa 2026With the support ofAnd the co-operAtion of5AFRICARENA|The State of Tech In Africa 20262025 Partners6AFRICARENA|The St

6、ate of Tech In Africa 20262025 Partners7AFRICARENA|The State of Tech In Africa 2026AcknowledgementsA very special thank you to those that contributed to this reportAbderrahmane Chaoui(Sendemo)Alaya Bettaieb(Smart Capital)Alison Collier(Endeavor South Africa/Harvest Fund)Abby Stern(Holocene)Ahunna Og