Cape Town becomes major tech start-up investment hub

In 2020, a total of $88 million (roughly R1.2 billion) disclosed investments were injected into tech start-ups in the City of Cape Town across 46 deals. So says Wesgro – the official tourism, trade and investment promotion agency for Cape Town and the Western Cape – noting it as the “highest investments made in SA” during the period.

Wesgro revealed this following the release of the inaugural ‘African Tech Ecosystems of the Future’ rankings, which mapped the tech ecosystems around Africa’s biggest cities.

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