Partech Report: African Tech Funding Hits $4.1B in 2025 (+25% YoY) + Kenya Leads with $1.04B (+72%) + Francophone Africa Raises $450M
Debt financing reaches all-time high at $1.64B (+63% YoY) across 107 deals. Kenya captures nearly 30% of continental funding | Thursday, January 22, 2026
Three comprehensive reports define African tech funding’s 2025 trajectory.
Partech’s annual Africa Tech VC Report released TODAY shows African startups raised $4.1 billion in 2025 (+25% YoY), with equity reaching $2.4 billion and debt hitting a record $1.64 billion (+63% YoY) across 107 transactions—the highest debt activity ever recorded—while four ecosystems (Kenya, South Africa, Egypt, Nigeria) captured 72% of total capital.
Kenya emerged as the continental leader with $1.04 billion raised (+72% YoY), representing nearly 30% of Africa’s total funding, driven overwhelmingly by debt financing into energy and asset-heavy companies including d.light, Sun King, M-Kopa, and Spiro.
Analysis shows Francophone Africa attracted $450 million across 100+ deals backed by 108 investors, with Senegal, Benin, and Togo heavily reliant on single mega-rounds (Wave, Spiro, Gozem) while Morocco and Côte d’Ivoire demonstrated stronger ecosystem diversification through higher deal counts and sectoral breadth.
A total of 75 Kenyan startups raised $100,000 or more in 2025, ranking third on the continent for deal count but representing a 23% drop year-over-year—the most significant slowdown among Africa’s leading markets.
African Tech Funding Hits $4.1B in 2025—Debt Reaches Record $1.64B, Equity Stabilizes at $2.4B
Partech released its 2025 Africa Tech Venture Capital Report TODAY, showing that African tech startups raised $4.1 billion in combined equity and debt financing in 2025 (+25% YoY), marking the ecosystem’s strongest performance since 2022 and reflecting meaningful acceleration driven by record debt activity and stabilizing equity markets.
