Ugandan Startups Raise USD 19M in the First Half of 2024.
GOGO Electric, an e-mobility startup, raised $1.6m
Ugandan startups raised $19m in the first half of 2024, as per Africa: The Big Deal data. Overall, African countries raised $780m which is a 57% decline from what African startups managed to raise in H1 2023. It is also a 31% decline from what was raised in H2 2023.
The $19m raised by Ugandan startups was good enough for 7th on the continent. Kenya was the most attractive destination for
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