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    Analysis & Opinions

    Who Funds the Outliers? US Investors Are Bankrolling Nigeria’s Most Experimental Deals

    There is a counterargument that current data cannot disprove.

    Only One in Eight African Tech Investors Wrote Repeat Cheques Last Year. Here’s Why It Matters

    The gap is not a rounding error. It maps directly onto the experience of founders who, after warm introductions and investor meetings

    13 Charts From a Decade of African Exits — And the Uncomfortable Takeaway

    A review of hundreds of acquisitions and listings across Africa's startup ecosystem reveals a market bifurcating.

    The $350m Proof: Inside South Africa’s Rising Cult of the Bootstrapped Exit

    Beyond the obvious — all South African, all bootstrapped — deeper patterns emerge.
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    Out of the Ashes: Swvl’s Rebound Gives VNV Global Its Largest Q3 Gain

    The Egyptian-founded, Nasdaq-listed mass-transit group delivered VNV's largest fair-value boost in the third quarter—a rare bright spot in a portfolio otherwise marked down by private-market multiple compression.

    Circle, Tether, and Ripple: Three Scrambles for Africa’s Stablecoin Plumbing

    Within three weeks, two of the world's largest stablecoin groups bought into the same African payments company.

    M-KOPA’s Product Margins Halve as Lending Becomes the Main Event

    The African fintech’s gross profit from device sales fell to $57.9m even as revenue rose 45%, exposing a structural shift in the economics of financing smartphones and e-bikes for the continent’s informal earners.

    Two Exits in Six Years: Dan Kleinbaum’s GTXN Acquired by Luno

    Deal gives the crypto exchange an owned settlement layer across developed–emerging market corridors - but proposed South African rules may restrict the very activity it enables.

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    Out of the Ashes: Swvl’s Rebound Gives VNV Global Its Largest Q3 Gain

    The Egyptian-founded, Nasdaq-listed mass-transit group delivered VNV's largest fair-value boost in the third quarter—a rare bright spot in a portfolio otherwise marked down by private-market multiple compression.

    Circle, Tether, and Ripple: Three Scrambles for Africa’s Stablecoin Plumbing

    Within three weeks, two of the world's largest stablecoin groups bought into the same African payments company.

    MNT-Halan’s Dutch Parent Cements Control With $71Mn Post-IPO Capital Injection

    The move follows MNT-Halan’s highly anticipated float on the Egyptian Exchange (EGX) on October 20, which was the country’s largest IPO in dollar terms since at least 2021.

    ‘The Harder Problem Starts After the Transfer’: LemFi Founder on Expanding into Credit and Savings

    Cross-border payments start-up bets that the harder problem for migrant customers begins after the money has been sent.