OPay IPO: Nigeria built it, New York will price it
88.1% of OPay's revenue comes from Nigeria. The company that wants a $4 billion New York valuation is, in every meaningful sense, a Nigerian business.
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The tech-investment stories moving Africa's markets — what moved, and why it matters.
Fri, Aug 14
Kenya Crypto Rules: the sequencing trap is what kills you, not the numbers
The headline figures look manageable until you read the order in which they hit. To raise institutional money, a Kenyan crypto startup needs a licence. To get the licence, it needs Sh100–300 million in paid-up capital first.
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Egypt's Licence Freeze: when a closed door becomes the price of entry
Egypt's regulator didn't plan this deal. But it made it almost inevitable.
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Project Bridge: Nigeria is exporting a project it hasn't started yet
The ambition is real: slash Burkina Faso's internet costs by 50% by routing fibre through Nigeria into the Sahel. A Technical Working Committee has been agreed. The vision is on paper.
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Jumia's Kenya: the number that changes the story
Kenya's record quarter — Sh6.4 billion in GMV, up 84% year-on-year — is easy to skim past in a Nigeria-led results story.
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AI Threats: the real danger isn't the ransomware you can see
The screen-locking scareware topping Africa's threat list at 44.7% is mostly noise, according to ESET's own analysts. The organised ransomware groups sit quietly beneath it, picking specific, high-value targets.
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CBN Sandbox: two auditions, still no stage
The unification order was supposed to end this. One council, clear lanes.
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MTN Iran: the valuation problem is solved; the rest isn't
Strip out the Iran impairment and MTN's core business is genuinely performing — 18–23% underlying earnings growth, with Nigeria, Ghana and Uganda all contributing.
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