Venture Capital

Ghana tops in VC Investments in Africa with an estimated $90 Million for Tech Ecosystem

According to a report by Startuplist Africa, Ghana was ranked in the top 5 of Venture Capital investments in Africa with an estimated value of $90 Million.

According to the report, Ghana got about 9% share of overall fundings in Africa for investments in 2020. Other countries on the list included in ascending order: Kenya, Nigeria, South Africa, and Egypt.

The top 5 startups in Ghana with the most investments included:

  • Chipper Cash ($44 Million)
  • MPharma ($30 Million)
  • Africa Health Holdings ($14 Million)
  • Zeepay ($940,000)
  • Africa Foresight Group ($700,000)

According to Startuplist Africa, Ghana’s Tech Ecosystem has attracted about a total of $200 Million for the past five years when it comes to startup investment.

source/reference: technovagh.com/startuplist Africa
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