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Africa Tech Summit (ATS) London is gearing up to host its seventh edition on Sunday, 23 June, bringing together industry leaders from across Africa with international investors and ventures to do business. The summit comes at a crucial time for the African tech ecosystem, with a significant decline in funding for tech start-ups in the first quarter of 2023.
According to The Big Deal Report 2023, African tech start-ups raised $1.3 billion in the first quarter of 2023, representing a 29% year-on-year decrease and a 52% decline (excluding exits), underscoring the headwinds facing the ecosystem.
Despite these challenges, ATS remains committed to connecting African tech ventures with global investors, with this year’s venture track featuring an investment showcase and one-to-one investor meetings to drive investment and collaboration forward.
With the world’s youngest and fastest-growing population, Africa’s economy is projected to grow at an average annual rate of 3.6% between 2020 and 2029. The continent has a growing number of tech hubs and start-up ecosystems, making it an attractive destination for investors seeking new business opportunities.
However, the decline in funding for African tech start-ups highlights the need for strategic partnerships and investments to support the sector’s growth.
The ATS London summit will provide a platform for entrepreneurs and investors to explore new business opportunities and build strategic partnerships. The Money and DeFi track will connect fintech, Web3, and crypto leaders while unpacking investment and business opportunities from across the continent. The track will provide insights across a range of sectors, highlighting innovators tackling issues such as climate and food security.
The summit will commence with an array of keynote speeches, fireside chats, panel discussions, breakout sessions, and networking reception following the opening of the London Stock Market. The speakers will cover a wide range of topics, including the challenges and opportunities of investing in African tech, the impact of emerging technologies, and innovative solutions to global issues.
ATS has a proven track record of connecting African tech ventures with investors and corporates globally. The previous events saw the participation of leading tech companies, government officials, and investors from across the world, including Google, Uber, and the UK government.
The Africa Tech Summit London 2023 provides a unique opportunity to connect with international investors, corporates, and ventures, explore new business opportunities, and build strategic partnerships. With the decline in funding for African tech start-ups, the summit’s focus on investment and collaboration could provide the much-needed boost to the sector’s growth.
For more details or to register, please visit the Africa Tech Summit London 2023 website.