Class of 2016: a decade of fundraising that mostly recycled itself
The hardest number in this data isn't the near-zero returns. It's the 21 acquisitions with undisclosed prices.
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The tech-investment stories moving Africa's markets — what moved, and why it matters.
Tue, Oct 6
WAEMU Pricing: the free tier is the commercial case it just killed
Three-quarters of all mobile money transactions in West Africa are now free by law. That's the BCEAO's own figure — 75 per cent of transfers fall under the 8,000 CFA franc daily threshold where providers can charge nothing.
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Copia: $123 million that returned 1.3 cents on the dollar
The number that should stop every investor in their tracks: $123 million raised, $1.6 million recovered. That's not a startup that ran out of luck — that's capital that essentially evaporated.
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Ghana 5G: now Telecel has to actually build
MTN paying $202 million was never really in doubt — the company has the cash, the existing spectrum, and a $1.1 billion investment pledge already in motion.
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Cairo IPO: Egypt's biggest private bank just put its name on the line
CIB isn't a passive outside investor here. Egypt's largest private-sector bank has a 15-year relationship with MNT-Halan — it helped build this company. Taking a public equity stake through the IPO is CIB saying, in front of Cairo's…
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Nigeria DRE Fund: the World Bank's $25 million is doing a lot of heavy lifting
The headline number is $300 million. The actual capital committed so far is $25 million — the World Bank's opening injection, roughly 8% of the target.
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Q3 Numbers: a recovery, or the same two dozen companies wearing different hats?
The headline is real: 58 startups, $583 million, the best quarter of 2026. Two consecutive years of growth would mean something genuine after the funding collapse that bottomed out at $1.12 billion in 2024.
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