African Startup Funding in July 2026 Drops to $102M as Debt Financing Surpasses Equity
African startups raised $102 million in July 2026, marking the lowest monthly total since March 2025. Debt financing accounted for 74% of the total, while equity funding fell to $25 million. The shift reflects changing investor preferences amid a more cautious market. Nigeria led in equity funding, and fintech remained the top-funded sector.