While Africa’s tech start-up scene has a small but growing list of unicorn companies, none hail from South Africa, due to a dearth of venture capital funding.
While Africa’s tech start-up scene has a small but growing list of unicorn companies, it remains a concern that South Africa still has no home-grown start-ups that fit the unicorn description. While SA’s start-up sector holds promise − with many talented start-ups emerging in a variety of tech sub-sectors and disrupting the continent’s tech ecosystem – the lack of venture capital (VC) funding and support denies them any chance of one day becoming the ‘Google of Africa’.
