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.
Tekedia Capital is working hard to be part of supporting these innovators and builders.
