Microsoft established the Africa Transformation Office in 2021 which has begun to spur support systems for startups across the continent.

This includes access to tools like Microsoft Azure, Github, skill development resources and mentorship opportunities.

Now in 2022, Microsoft has partnered up with venture capitalists, accelerators and incubators to increase funding in Africa by 500 million dollars.

“Our partnerships with key African accelerators provide crucial support to accelerate growth-stage startups with their business development and market expansion plans,” Startups Lead, Microsoft Africa Transformation Office, Gerald Maithya said.

However, Microsoft isn’t the only tech giant investing in African startups.

Last year, Google launched the Africa Investment Fund supporting early and growth-stage startups.

According to the Organisation for Economic Co-operation and Development (OECD), the African startup ecosystem is growing at an admirable pace.

However, African startups make up less than one per cent of total investments worldwide.