Egypt is the country that attracted most funding in H1 2026.

According to a new report by The Big Deal,

• Egypt led with a total of $327 million, followed by

• Nigeria ($254 million),

• Kenya ($126 million), and

• South Africa ($83 million).

The latest stats end Kenya’s run at the top after it led the continent in startup funding throughout 2025 with nearly $1 billion raised driven largely by clean energy and fintech companies. This is also marks the lowest fall for Kenya since early 2021.

The Big Four attracted ‘only’ 58% of the funding.

In terms of sector funding:

• Fintech remained the largest sector at 41% ($556 million), followed by

• Logistics & Transport at 35% ($472 million)

• Agri & Food at 7% ($93 million)

• Waste Management at 4% ($60 million), and

• Energy & Water at 4% ($50 million)

If we focus purely on equity,

• Nigeria actually came on top ($214 million) with

• Egypt second ($183 million), and

the other two some distance behind

• $66 million in South Africa, and

• $46 million in Kenya.

Beyond the Big Four, three markets attracted more than $25 million in total funding in H1 2026:

• Tanzania,

• Côte d’Ivoire, and

• Morocco.

In terms of the number of ventures raising atleast $100K, excluding grants, in H1 2026, Nigeria is back on top after an underwhelming H2 2025.

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