By sector, energy has mobilized the most funding, accounting for 39.7% of investments. This performance was driven by the $19 million mobilized by the Kenyan company M-Kopa, which offers on demand solar energy services and devices. It was also driven by Off Electric Grid, based in Tanzania, which has mobilized nearly $25 million.
The report also indicates that financial technology companies ranked second with regard to the mobilization of funds, having mobilized 24.5%. This included smaller players such as Asoko Insight.
Geographically, 36% of the capital was channeled to South Africa, followed by Nigeria (24%), and Kenya (14.4%). Other beneficiary countries were Egypt, Tanzania, and Ghana.