Ask an Investor: The path to exits, the support VCs provide, and Africa’s hottest sectors
Oui Capital partially exited its $150,000 investment in Moniepoint for $8 million after it became a unicorn. Secondary sales have emerged as a practical exit strategy for investors in Africa due to the rarity of full acquisitions and IPOs.
Here are Africa’s biggest startups based on valuation
Funding into African startups exceeded $2 billion last year, returning to pre-pandemic levels. A decline in mega-deals has led investors to prioritize sustainable business models.
Nigerian Grocery Startup MyFoodAngels pivots to eco-friendly packaging
MyFoodAngels is implementing sustainable packaging to reduce plastic waste. The company offers a palm oil refill option, reducing the price from ₦4,000 to ₦3,850 per litre.
GVCA CEO Amma Gyampo Backs Local Capital to Attract Foreign Investment
Amma Gyampo calls for stronger local capital mobilization to attract foreign investors to Ghana. Strengthening local investment can unlock opportunities and boost economic resilience.
Cleva secures IMTO licence from Nigeria’s central bank amid unclear regulations
Cleva has been granted an IMTO license from the Central Bank of Nigeria. The IMTO license allows Cleva to conduct secure inbound international money transfers to Nigeria.
