The tech-investment stories moving Africa's markets — what moved, and why it matters.
Fri, Aug 28
MTN already holds the float, already has 70 million active mobile money users, already processes $330 billion in transactions every half-year. The case for lending from its own balance sheet rather than sharing the margin with partner…
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88.1% of OPay's revenue comes from Nigerian users. The NGX CEO made that point directly to President Tinubu — and now OPay is considering a local listing alongside its New York debut.
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The EBRD crossing into sub-Saharan African venture for the first time was yesterday's point. Today's question is whether it moves.
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The rule is settled. The harder question starts today.
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A named capital partner with a track record — Tarek Al Ashram co-founded Gulf Data Hub, which KKR backed to build large-scale data centres across the Middle East — is a meaningfully different thing from a headline number.
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The harder question isn't whether Nigeria got readmitted to FTSE Russell's Frontier Market index — it did, effective 21 September. It's what happens next.
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MTN Nigeria's mobile money business has been underperforming — revenue fell 7.2% in the first half of 2026 even as wallet numbers grew, largely because Nigeria's central bank forced it to suspend its lending services.
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Hugging Face is where African AI builders go to grab models, share datasets and skip the cost of building from scratch. It has stayed useful precisely because no single company controlled it.
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