2019 was the year of awakening for many African scenes.
It was a year in which ecosystem players began questioning ineffective strategies and opting for more consolidation and the expansion of CVC and the increasing investment by Middle Eastern and Asian players, from Transsion to Toyota, in African deals.
Considering big money moves by OPay and PalmPay, the investment year was defined by the unapologetic arrival of Chinese investors as well as Andela’s pivot and significant restructuring towards the end of the year.
African tech companies, new and old, raised…
