The country was just emerging from a tumultuous civil unrest that followed a disputed election in that ousted then incumbent, Laurent Gbagbo and set the country back.
The francophone and the Portugese-speaking countries in Sub-Saharan Africa tend to get less attention compared to the English-speaking countries and thus Ivory Coast is rarely in focus.
Of these 23 deals more than half relate to early-stage investment: 12 are seed rounds, three are pre-seed rounds and grants each, two series A, and one venture deal, angel investment and series B.
The most funded sectors by number of companies are financial services with three in the top ten while e-commerce and retail and energy and resources had two each. Even during the pandemic Ivorian startups like Starnews , Coliba , Easy2toofacil and Julaya raised capital showing the resilience of the ecosystem and its strength under stress. Based on a report by Disrupt Africa, funding for health tech startups in Africa jumped These startups provide a wide range of services from scheduling medical consultations to telemedicine and digitalized imagery.
Same seems to go for Senegal where Gebeya , an Ethiopian tech startup expanded to as its foray into the francophone market. Egypt is another country that has caught up with the KINGS by producing a unicorn, Fawry , that trades on the local stock exchange β a first timer. Stay informed and ahead of the game with our curated collection of the top 10 stories from Africa each day, Monday, Tuesday, Wednesday, and Thursday. On Fridays, gear up for the business world as we bring you the 10 most relevant and game-changing business stories.
