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Bioeconomy SA Portal
Bioeconomy SA Portal

Regional African Trends for the Agrifood Revolution

Regional African Trends for the Agrifood Revolution


The African continent offers tremendous opportunities for growing innovative startups. According to a report by Ernst & Young, the African continent is experiencing a start-up boom, startups received 3 times more capital in 2021 compared to 2020 with an average seed funding size of $1.5M. The 4 major startup hubs in 2021 were Nigeria, South Africa, Egypt and Kenya. These trends are in alignment with Foreign Direct Investments (FDIs) in the region, demonstrating that African countries to receive the most foreign investment in 2021 included Nigeria, South Africa, Morocco and Egypt.

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