African tech startups could unlock $90bn with reforms

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An institute helmed by former UK PM Tony Blair says that African governments should establish an information sharing platform to enable growth, while a pan-African network of startups could increase the pressure for reform.

Africa could secure tech startup funding of more than $90bn by 2030, if policymakers pursue significant reforms to drive growth, according to a new report from the Tony Blair Institute for Global Change.

Using data that covers the past six years, the former UK prime minister’s institute projected a business-as-usual scenario versus an improved policy-environment scenario. Projected until 2030, this scenario sees African startup funding reaching $93.9bn, based on the assumption that gains from the past few years are maintained.

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