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Africa Will Have At Least 15 Unicorns by 2023

Africa Will Have At Least 15 Unicorns by 2023

I expect the total number of African* unicorns to hit at least 15 by the end of 2023; India has minted 28 so far in 2021. Africa* has about 5 unicorns (companies, mainly private, valued at least $1 billion) at the moment:  Interswitch, Andela,  Flutterwave, OPay, and Wave. I expect three to join HI 2022 but in 2023, the thing will ramp up. The African economy transformation is a decades-long opportunity and the redesign will be massive.

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