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min-width: 640px;" width=3D"640"> <tr> <td> <table role=3D"presentation" cellpadd= ing=3D"0" cellspacing=3D"0" border=3D"0" align=3D"center" width=3D"640" s= tyle=3D"width: 640px; min-width: 640px;" class=3D"mlContentTable"> <tr> <td height=3D"10" class=3D"spacin= gHeight-10" style=3D"line-height: 10px; min-height: 10px;"></td> </tr> </table> <table role=3D"presentation" cellpadd= ing=3D"0" cellspacing=3D"0" border=3D"0" align=3D"center" width=3D"640" s= tyle=3D"width: 640px; min-width: 640px;" class=3D"mlContentTable"> <tr> <td align=3D"center" style=3D"pad= ding: 0px 40px;" class=3D"mlContentOuter"> <table role=3D"presentation" ce= llpadding=3D"0" cellspacing=3D"0" border=3D"0" align=3D"center" width=3D"= 100%"> <tr> <td class=3D"bodyTitle" id=3D= "bodyText-8" style=3D"font-family: 'Poppins', sans-serif; font-size: 13px= ; line-height: 150%; color: #000000;"> <h3>Dear <span></spa= n>,</h3> <p style=3D"margin-top: 0= px; margin-bottom: 10px; line-height: 150%;">For years, we=E2=80=99ve mea= sured Africa=E2=80=99s startup ecosystem by the rise and fall of VC fundi= ng. But is that still the best way to track progress? Since the funding w= inter of 2022/23=E2=80=94investors pulled back, startups shut down, and t= he narrative shifted from growth to survival. But what if we told you tha= t what we=E2=80=99re seeing now isn=E2=80=99t a decline=E2=80=94it=E2=80=99= s a new normal?In 2024, we saw a shift:<br></p> <ul style=3D"margin-top: = 0px; margin-bottom: 10px;"> <li style=3D"margin-top= : 0px; margin-bottom: 5px;">Kenya led the way in funding, raising $638M, = despite political protests.</li> <li style=3D"margin-top= : 0px; margin-bottom: 5px;">Tyme Bank, SWVL, and Nala turned profitable, = proving that sustainability=E2=80=94not just funding=E2=80=94is the new g= oal.</li> <li style=3D"margin-top= : 0px; margin-bottom: 5px;">Moniepoint & Tyme Bank hit unicorn status, sh= owing that billion-dollar valuations are still within reach.</li> <li style=3D"margin-top= : 0px; margin-bottom: 5px;">AI took center stage, with Nigeria, South Afr= ica, Kenya, and the African Union launching major AI strategies.</li> </ul> <p style=3D"margin-top: 0= px; margin-bottom: 10px; line-height: 150%;">While The Big Deal reported = a 25% drop in 2024 funding ($2.4B), Partech estimated a 7% decline ($3.2B= ). The truth? Many deals are now undisclosed, making them harder to track= , but the ecosystem is proving more resilient and strategic than ever bef= ore.</p> <p style=3D"margin-top: 0= px; margin-bottom: 10px; line-height: 150%;"><strong>So, what does this m= ean for 2025?</strong></p> <p style=3D"margin-top: 0= px; margin-bottom: 10px; line-height: 150%;"><strong></strong><strong>Joi= n us this Thursday at 11 AM for another edition of TechCabal Live, where = we=E2=80=99ll unpack the biggest trends, funding insights, acquisitions, = and regulations shaping Africa's digital economy.</strong></p> <p style=3D"margin-top: 0= px; margin-bottom: 0px; line-height: 150%;"><strong></strong>Don=E2=80=99= t miss this opportunity to gain actionable insights and stay ahead of the= curve. Click below to register and be part of this important conversatio= n.</p> </td> </tr> </table> </td> </tr> </table> <table role=3D"presentation" cellpadd= ing=3D"0" cellspacing=3D"0" border=3D"0" align=3D"center" width=3D"640" s= tyle=3D"width: 640px; min-width: 640px;" class=3D"mlContentTable"> <tr> <td height=3D"20" class=3D"spacin= gHeight-20" style=3D"line-height: 20px; min-height: 20px;"></td> </tr> </table> </td> </tr> </table> </td> </tr> </table> <!-- --> <!-- --> <table align=3D"center" border=3D"0" bgcolor=3D"#= ffffff" class=3D"mlContentTable mlContentTableDefault" cellpadding=3D"0" = cellspacing=3D"0" width=3D"640"> <tr> <td class=3D"mlContentTableCardTd"> <table align=3D"center" bgcolor=3D"#ffffff"= border=3D"0" cellpadding=3D"0" cellspacing=3D"0" class=3D"mlContentTable= ml-default" style=3D"width: 640px; min-width: 640px;" width=3D"640"> <tr> <td> <table role=3D"presentation" cellpadd= ing=3D"0" cellspacing=3D"0" border=3D"0" align=3D"center" width=3D"640" s= tyle=3D"width: 640px; 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