In 2024, the African tech landscape witnessed a year mixed with challenges and opportunities for growth and innovation. There was a 25% decline in funding compared to 2023, however, the continent demonstrated resilience as fintech-led funding volumes were at 47%, and climate tech continued to attract significant investment.
Also, the payments sector saw significant growth with the use of electronic channels to make payments, while mobile money operations witnessed a surge in transaction volumes. Emerging trends, like artificial intelligence, e-mobility solutions and Rent Now Pay Later (RNPL) models, showcased Nigeria’s adaptability in a rapidly shifting tech environment.
On the regulatory side, laws and regulations affecting cross-border remittances, data protection, cybersecurity and virtual assets were issued or revised to ensure a secure and resilient ecosystem.
This report provides a forward-looking analysis of these developments, offering insights into the sectors and regulatory developments across Africa that will shape Fintech, Technology and Innovation in 2025.
