African blockchain startups outpaced VC landscape in 2024: report

2025-07-14 18:11:06 分类：Virtual Currency 阅读(561)

But while blockchain startups outperformed their peers, Africas startups only attracted $122.5 million last year, translating to 1% of the $12.1 billion raised globally, down from 1.8% the year prior. Overall, African startups raised $2.6 billion across 427 deals, a separate report revealed.

“This is not just an imbalance; its an opportunity. An invitation to investors, developers, policymakers and innovators to engage with one of the most promising blockchain frontiers on the planet,” Ruch added.

The G20 must focus on blockchain: Absa

As blockchain outpaces most other technologies, it must remain a central part of conversations around development in Africa, including at the upcoming G20 Summit, says Rob Downes, Absas head of digital assets.

The G20 Leaders‘ Summit will be held in November in Johannesburg, the first time the event is being held in Africa. It will host the world’s most powerful leaders to discuss pressing global issues, including the digital economy, with AI, data governance, and cybersecurity among the themes.

With blockchain outpacing all these sectors in funding growth last year, it must be a key area of focus for the G20 leaders, says Downes.

“It certainly isnt farfetched to see a future world where digital money lives on blockchains, with AI tooling monitoring real time activity and patterns to detect and prevent fraud, money laundering and terrorist financing, and money transfers happening seamlessly when pre-agreed conditions are met,” he added.

Blockchain adoption in Africa has recorded steady growth, unfazed by the funding or the cyclical booms and busts in the digital currency sector. Dozens of startups have developed blockchain solutions addressing challenges around financial inclusion, supply chain management, and intra-African trade, cross-border transfers, document authentication, and more.

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