How Tanzania has moved up startup funding ladder

Tanzania startups with US vice president Kamala Harris during her visit to the country in April 2023. PHOTO | FILE

Dar es Salaam. Tanzania was among Africa’s four leading destinations of startup financing in this year’s third quarter, according to funding database Africa The Big Deal.

It is the first time Tanzania has broken into the top four after raising $43 million, with the majority of the funding coming from fintech giant Nala, whose $40 million deal underscores the increasing interest in Tanzanian startups within the larger African tech space.