Egypt Tops Africa’s H1 2026 Startup Funding, But Nigeria Reclaims the Equity Crown

Egypt edged out the rest of the continent to become Africa’s top funding destination in the first half of 2026, pulling in $327 million — though nearly all of that came from a single mega-round: EV and battery-swapping company Spiro’s raise, which itself accounted for the bulk of Egypt’s total. Strip out debt financing, though, and the story flips. Nigeria’s $214 million in equity funding actually outpaced Egypt’s $183 million, making Nigeria the continent’s largest market for pure equity invest