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Africa's hidden unicorns: Telco mobile money subsidiaries

Africa's hidden unicorns: Telco mobile money subsidiaries

Emeka Ajene's avatar
Emeka Ajene
Feb 07, 2024
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Africa's hidden unicorns: Telco mobile money subsidiaries
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Afridigest is your intelligent guide to Africa’s tech ecosystem. We provide ideas, analysis, and insights for startup founders, executives, and investors across Africa and beyond. 
In case you missed it, Africa’s largest telco MTN disclosed yesterday that it signed definitive agreements to sell a $200M stake in its mobile money & fintech arm at a $5.2B valuation.
Today’s essay offers a reminder that while Flutterwave & other well-known unicorns get a lot of attention, the continent is home to several 'hidden' mobile money unicorns that shouldn’t be ignored.
Happy reading! If you’re new here: welcome — the Week in Review is sent on Mondays, the Fintech Review goes out on Sundays, and other content goes out on Wednesdays and/or Saturdays. For past essays and digests, visit the archive & Afridigest.com.

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