Over the last half-decade, the boom in the African tech ecosystem has produced some remarkable valuations. Now some of those numbers are crashing back to reality.⁠ ⁠ In the first quarter of this year, African startups raised a whopping $1.8 billion, which is more than was raised in all of 2019. And yet few people ever batted an eyelid over how these startups’ astronomical valuation numbers were reached.⁠ ⁠ Click the link in our bio to read the full story. Illustration by cadenas_11 for restofworld.⁠ ⁠ #africantechecosystem #africanstartups #techecosystem