BOLDEN African News · Thursday 5 November 2026
African start-ups raised $183 million in October, with the Big Four taking only 46%
African start-ups raised $183 million in October 2026, 24% less than September's $241 million, according to Africa: The Big Deal. Egypt, Kenya, Nigeria and South Africa took 46% of the total, and the largest rounds were $40 million each for ABA Life and Tanzania's East Africa Foods. Funding from January to October reached $2.4 billion, 12% below the same period of 2025.
Why it matters
Capital is spreading to smaller markets while total start-up funding on the continent is still falling.
Source: Techeconomy · 5 November 2026