For founders and investors, it is a signal that capital is moving to jurisdictions where the rules are more predictable and the political climate is more stable.
The final blow came last month, when the Central Bank of Nigeria published a list of 46 microfinance banks whose licences had been revoked with immediate effect.
“It was pretty heartbreaking to be technically competent and have a team composed of a second-time founder and still have to deal with this type of sexism.”
Egypt's largest consumer finance platform has built a business on financial inclusion, but a mysterious data discrepancy in its annual report raises questions about the true cost of that mission.
Rapid growth and 56.5m users make it Africa’s hottest tech float. But privately negotiated intra-group fees threaten to cloud its standalone public valuation.
For founders and investors, it is a signal that capital is moving to jurisdictions where the rules are more predictable and the political climate is more stable.
