African AI startups exist, but few are getting the first $100,000

BusinessDay | 03-09-2026 10:53am |

Africa's artificial intelligence sector is witnessing a rise in the number of founders and companies, yet access to early-stage funding remains a significant hurdle. A recent report highlights that very few AI startups on the continent secure their first $100,000 in investment. This funding gap poses a challenge to the growth and sustainability of emerging AI ventures in Africa.

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