The two countries of the WAEMU zone that are Côte d’Ivoire and Senegal are among the top 10 African countries that attracted the most funding for start-ups in 2016, reads data made available by Partech Venture, an American firm specializing in startup financing technology companies.
In this ranking, Cote dIvoire with $ 13 million attracted for its start-ups, occupies the 5th place.
Senegal is in 9th place, with $ 6.5 million in investment attracted to the sector.
Together, these two countries have mobilized $ 19.5 million (NULL, 5 billion FCFA) for the support of start-ups. This is a real success, when we know that the rates offered by banks in francophone Africa south of the Sahara, oscillate between 10% and 22%.
Faced with this difficult access to credit, these start-ups benefit from several financing solutions. If Cameroon is not among the top ten countries that have received funding, Aldo Fotso, who is a national of this country, tries to find solutions, via its platform Africangels.
In this field of start-up financing, Nigeria has taken the lead in Africa, with nearly $ 109.3 million in attracted funding.
It is followed by South Africa (NULL, $ 7 million) and Kenya (NULL, $ 7 million).
In total, according to share-based venture data, Africa in 2016 received $ 366.8 million for 77 start-ups.