Afridigest Week in Review: Why is French-speaking Africa increasingly attractive to VCs?
Afridigest is your intelligent guide to tech in Africa. This Afridigest Week in Review helps you stay in the know about what happened in Africa Tech last week.
📌 The results of last week’s survey are in and 66% of readers think at least one new unicorn will be minted in Africa Tech this year. 🦄 This pairs well with the visual of the week below… 👇🏽
ICYMI: Since last Monday’s newsletter, we published 'The continued rise of Francophone Africa' and 'Morocco's momentum: Charting champions in the Cherifian kingdom.'
The latter article includes an exclusive interview with the chairman of the board of Cash Plus, Morocco's leading fintech and financial services network, according to the IFC.
It’s since been brought to our attention that other Africa Tech deal trackers failed to include Cash Plus’s $60M transaction — a big deal in the context of Africa — in their 2023 figures. 👀 So heads up: While we’ve focused on our Fintech Transactions database, we’ll make our database of Africa Tech transactions across all sectors available to premium subscribers starting in the next few weeks.
• Organizations appearing in today’s Week in Review: SafeBoda, Core DAO, Shamba Pride, alGROWithm, and more.
• Executives appearing: Ventures Platform’s Kola Aina, LoftyInc Capital’s Idris Ayodeji Bello, Onafriq’s Gwera Kiwana, InstaDeep’s Sinda Ben Salem, Jedar Capital’s Sherif Nessim, Moniepoint’s Tosin Eniolorunda, Seedstars Youth Wellbeing Ventures’ Cyrine Ben Fadhel, Founders factory Africa’s Andile Masuku, GetEquity’s Temitope Ekundayo, Modern Living’s Alexandre Ponton, Peter Njonjo, and others.
And with that said, let’s get into it.
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