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Last year was a tough period for African growth stage startups and 2024 presents mixed bag

Last year presented a tough period for African tech startups. Venture capital was hard to bag (as predicted earlier), bridge and down rounds became the norm, and news of fire sales, layoffs and startup closures reverberated across the continent. With the overall amount of VC funding raised in Africa dipping significantly across the year, according to initial reports, after steady growth over the last decade (and the windfall of the previous two years), startups and scale-ups in the continent have suffered…