Debt Reaches 41% of African Tech Startup Capital

Nairametrics posted that debt now accounts for a record 41% of all capital raised by African tech startups, up from 17% in 2019, according to Partech Africa’s annual venture capital report. The post links to a Nairametrics article headlined 'Why Nigerian startups are turning to debt over equity' that presents the same statistic for the region. The tweet includes an attachment described as a digital illustration on a white grid background.