The article discusses a trend among Nigerian startups where they are increasingly choosing to borrow money (debt) instead of giving away ownership in their companies (equity) to investors. Currently, debt makes up 41% of the money raised by African tech startups, which is a significant increase from 17% in 2019. This shift suggests that these startups prefer to maintain control over their businesses while still securing funding to grow. The information comes from a report by Partech Africa on venture capital in the region.
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