African entertainment startups had their best ever year in 2020 ...Middle East

African entertainment startups had their best funding year on record last year, even as they struggle to find business models that work in the continent.The startups raised a total of $13.9 million in 2020, almost 19 times what the sector had raised the previous year and nearly 116 times what it had secured in 2018, says the report by Disrupt Africa, a website for news on African tech startups.“Spending power is growing, entertainment startups are increasingly succeeding where others failed, and investors are looking for opportunities beyond busy spaces like fintech, health, and e-commerce,” Tom Jackson, co-founder of Disrupt Africa, told Quartz. “There was always going to be a drip-down eff

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