In this era of technological advancement, Africa is climbing the ladder of global reckoning with its startup and innovation culture.
Over the years, some countries in Africa have experienced exponential growth through the marriage between ideas, innovation and technology.
For example; in 2001, Africa’s giant – Nigeria recorded its first use of Global systems for mobile communications (GSM) and that brought about the need to welcome investors from the telecommunications space.
Digitization has created an enabling environment for technology to further its cause, as ideas are formed around innovations that will help man achieve his daily tasks seamlessly.
However, according to Quartz, the growth of tech hubs in Africa has scaled up to 50 percent in 2019.
These hubs have provided mentorship and workspaces for investment ideas in their locality.
Interestingly, the African tech sector has experienced growth in the last decade, several startups rose to record incredibly financial numbers and attracting several investors in the process.
Examples of leading investment destinations in Africa include; Nigeria, South Africa, Egypt and even Kenya.
Below is a list of top African tech companies in no particular order:
This is a health tech company with the mission of providing safe and affordable medicines to the African continent.
The Ghanaian-based company was established in 2013 and has since expanded its reach to Kenya, Nigeria, Zimbabwe and Zambia.
Kuda bank also belongs to the fintech category with the intention of making banking easier by employing the use of mobile phones.
In November 2020, it attracted a $10million seed to improve its service and efficiency.
One unique feature of Kuda bank is that it now gives its customers cards to ease banking challenges.
Also read, Top 10 Tech Companies in Nigeria
This is an Egyptian company that is set to provide on-time delivery of purchases made by your customers.
This innovation is cutting queues and waiting time thereby, enhancing the takeaway experience.
A fintech company that has over 50,000 customers inclusive of small and large scale businesses.
However, Stripe acquired Paystack for over $200million but the institution would continue to operate independently.
They serve as payment links for educational institutions and several fintech across Africa.
The fintech startup is a payment platform with roots in Nigeria with its headquarters in San Francisco.
In March 2021, Flutterwave crossed $1billion in valuation. This Fintech startup facilitates payments in over 30 countries across Africa.
Conclusively, it is estimated that there will be an increase of innovative startups in Africa before the end of 2022.
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