Caban research desk · Quarterly data
The Caban African Growth Capital Monitor
The quarterly benchmark on capital flowing into African businesses: five years of funding data, the equity–debt mix, market concentration, exits, and what it means for founders and investors — compiled by the Caban analyst desk from primary trackers and our own market position.
$3.2bRaised by African start-ups in 2025 (+40% YoY)
$3.1b12-month rolling total to April 2026
81%Of 2025 equity into SA, Kenya, Nigeria, Egypt
48%Of Jan–Apr 2026 capital raised as debt
Read Vol. 20 — Q2 2026 edition (latest)
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The archive: five years, twenty editions
Every quarter of African growth capital since Q3 2021 — the boom, the winter, the debt shift, and the recovery. Volumes 1–19 compiled as a retrospective series; quarterly publication live from Vol. 20.
Vol. 19 · Q1 2026