Business, Startups & Tech economy in Africa. A business publication that puts forward The African Context
Africa
Joined September 2017
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Anthropic may not secure investment-grade rating after IPO, Blackstone says ft.trib.al/LsNmQ68
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Entrepreneurs with irrational conviction invent the future others think impossible.
At our 2026 Khosla Ventures CEO Summit, founders and CEOs shared hard-earned lessons on company building, AI and ambitious technology. A few highlights:
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To strongly disagree with someone, and yet engage with them with respect, grace, humility and honesty, is a superpower.
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I'm hiring a Senior Product Designer at Paystack.
Based in Lagos, hybrid 🇳🇬 🏢
Come work with me ✨❤️
No need to DM me. Please apply in the link below, it takes about 20 minutes:
careers.paystack.com/jobs/in…
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Yesterday, I had the pleasure of receiving a courtesy visit from Ike Chioke, Group Managing Director of @Afrinvest.
A few years after the 2008 global financial crisis, which tested the resilience of many businesses, including Afrinvest, I made an unsolicited investment of $1 million in the company.
Read more on my blog:👇🏾
tonyelumelu.com/afrinvest-wh…
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The crazy thing happening in VC right now:
A startup can grow revenue 3x in a year and still be considered a disappointment today.
VC has a very strange way of making extraordinary outcomes feel ordinary, especially now.
OPay has established its place as Nigeria's ubiquitous payments app for a good few years now.
Its green logo is plastered on the walls of roadside kiosks and the phone screens of millions, with the simple pitch of moving money faster than a bank.
But the company's newly filed IPO prospectus reveals a more consequential transformation. Lending, not payments, is now the engine driving its revenue.
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Microsoft, Oracle, Meta and Uber are retreating from Africa in tandem. They have all scaled back across the region, cutting thousands of jobs and reshaping how the continent fits into Big Tech's strategy.
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The unlikely thriving fintech arm of Africa's biggest clothing retailer has investors clashing in a dispute over governance that threatens to overshadow a strategic pivot into financial services.
Pepkor's fintech merger has sparked an investor fight after shareholders were denied a vote on a deal that hands its CEO a ZAR 2.8 B stake and reshapes its strategy.
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I hate to say it, but you can increase your chances of success in business simply by stopping trying to sell to broke people.
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Many investors, me included, require board director seats when we lead rounds. But many founders at the early-stage I invest in haven’t yet seen what a functioning board looks like or does.
A board is more than just a quarterly meeting to report milestones and performance against budget. A well-functioning board should bring expertise and strategic guidance to help founders make informed decisions.
Equally important, accountability, risk mitigation and crisis management are benefits of having a board of directors.
If this doesn’t sound like your board, it may be time to sit down with your investors to rebuild what the board does. Investors, we asked for the seat. Making it useful is on us too.
SeerBit's PayPal integration across 10 African markets promises easier cross-border checkout, but settlement, FX and post-payment friction remain the real test for merchants.
Its founder, Omoniyi Kolade, says the real work, beyond the headlines, is plugging the actual stubborn gaps, which is the stuff mere integration doesn't solve.
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Standard Bank, Stanbic IBTC 🇳🇬 parent firm, will invest about $200 million for an equity stake in OPay
