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IPO Mania Skips Africa, Where Fast-Growing Firms Prefer Debt
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This Week in Tech

IPO Mania Skips Africa, Where Fast-Growing Firms Prefer Debt

Yet in Johannesburg, home of Africa’s largest bourse, 21 companies have instead de-listed in 2021. Smaller exchanges in Accra, Nairobi and Lagos have been similarly quiet.

Samson Omamuzo
Sep 17, 2021
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IPO Mania Skips Africa, Where Fast-Growing Firms Prefer Debt
africatechmemo.substack.com

Hello & good evening!

I like today’s memo.

It leaves us with more questions about that very silent question that has lingered so long in our mind - “when will Africa startups start IPO’ing in Africa exchanges?”

Nobody knows but it will surely happen someday. That sounded like the voice of a prophet.

When Stripe acquired Paystack for $200 million, Flutterwave made their intention known. They’re going to IPO…but not in Africa. They are looking to New York as an IPO destination…baby!

As a follow-up to IPO’ing, Access Bank’s had an oversubscribed $500 million bond. The deal drew huge interest from top-grade investors globally, including the United States, Europe, the Middle East, Asia, and Africa (Nairametrics).

Have a good evening.

Samson Omamuzo (LINKEDIN)


IPO Mania Skips Africa, Where Fast-Growing Firms Prefer Debt

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FG bond oversubscribed by 207% - Punch Newspapers
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Start to fail: Why e-commerce startups fail fast in Nigeria

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Access Bank’s oversubscribed $500 million bond may help strengthen exchange rate

Nairametrics


Lagos govt, DPR clash over siting of tank farms in residential areas

Premium Times


Nigeria to acquire new satellites, saves N8 billion through tech platform

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Estonian president says a lack of ‘special conditions’ for tech giants has allowed local start-ups to thrive

cnbc


Key Finding Digital Reports 2021 On Uganda 

Tech in Africa

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Samson Omamuzo (LinkedIn)

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IPO Mania Skips Africa, Where Fast-Growing Firms Prefer Debt
africatechmemo.substack.com
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