FinTech and digital banking dominated the tech-enabled space in 2024, attracting the lion’s share of venture capital deals across Africa.
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According to the Venture Capital in Africa Report 2024, the sector secured $116 million—34% of total tech-enabled VC deal volume.
Clean and ClimateTech followed with $46 million (13%), while Artificial Intelligence took third place with $42 million (12%).
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Other notable sectors included AgTech ($28M), E-Commerce and Health & BioTech (each $25M), with emerging interest in Supply Chain, Mobility, HR, and EdTech.
A tech-enabled business leverages technology to enhance its operations or customer service, though tech is not its core product.
The report was released in March 2025.
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