Solar Power Eclipses Fintech as Africa’s New Investment Magnet

Solar and renewables are vying with fintech and payments as the top draws for African venture capital, with investors viewing energy projects as the most attractive on the continent’s startup scene, a study found.

Renewables and clean technology that reduces adverse environmental impacts — together with electric-mobility assets such as motorcycles and delivery vehicles — attracted the highest funding growth in 2025, raising $700 million, Briter said in its annual Africa Investment Report. That’s more than three times more than in the prior year.