According to a study by Flourish Ventures, 86% of African tech entrepreneurs are facing mental health issues.
Many are struggling with high levels of stress, anxiety, exhaustion, and burnout. 60% of entrepreneurs experience anxiety, 58% report high stress, and 52% experience burnout.
As companies continue to grow, the increasing competitive environment significantly raises entrepreneurs’ stress levels.
Female entrepreneurs, in particular, face greater difficulties in maintaining a work-life balance. Due to loneliness and fear of failure, they experience more stress compared to their male counterparts.
Entrepreneurs often view investors not as supporters, but as sources of stress. They sometimes avoid open communication with investors. As a result, entrepreneurs are seeking more support and a human-centered approach from investors.
The fact that many investors focus solely on returns creates challenges for African entrepreneurs. Entrepreneurs have the potential to push Africa forward and increase prosperity across the continent.
Therefore, it is essential to provide good psychological support and help alleviate their workload to minimize the impact of such intense stress.