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The Top 10 Fastest-Growing Sectors in Africa (2024)

  • EmpowerAfrica
This article delves into the top 10 fastest-growing sectors in Africa, exploring the factors behind their expansion and the impact they have on the continent’s socio-economic landscape.
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Egyptian-based logistics startup Trella raises $3.5 million for scaling

  • Empower Africa
Trella, an Egyptian-based logistics startup, has raised $3.5 million in a recent funding round led by Avanz Capital.
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Kenyan startup Peach Cars secures $5 million seed investment

  • Empower Africa
Kenyan startup Peach Cars KE has secured a $5 million seed investment to fuel its ambitious plans of transforming the automotive industry in Kenya.
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Nigeria’s Eze raises $3.7 million seed funding

  • Empower Africa
Nigerian B2B marketplace startup Eze has raised $3.7m to revolutionize the African electronics market.
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Yellow raises $14 million in Series B funding

  • Empower Africa
Yellow, a leading PayGo solar startup in Africa, has secured $14 million in Series B funding to scale across Africa.
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54 African investors were selected to join Dream VC’s accelerator program to drive Africa’s VC space

  • Empower Africa
Dream VC, a leading global accelerator program focused on fostering entrepreneurship and venture capital growth, has selected 54 African investors for its accelerator program
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Visa launches fintech accelerator program for African startups

  • Empower Africa
Visa, a global leader in digital payments, has announced the launch of its highly anticipated fintech accelerator program specifically designed for startups in Africa.
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Google’s Black Founders Fund Invests in 25 African Startups

  • Empower Africa
Google has announced the 25 African startups selected for the third cohort of Google for Startups’ Black Founders Fund.
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The Baobab Network funds five promising startups

  • Empower Africa
The Baobab Network, a Nairobi-based accelerator and investment firm, has invested $50,000 into five promising African startups.
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