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Acquisitions, more than IPOs, will create Africas early startup successes

Africa has made its global IPO debut. Pan-African e-commerce company Jumiaa $1 billion-valued companybegan trading live on the NYSE last week.
The stock offering made Jumia the first upstart operating in Africa to list on a major global exchange.
This raises expectations for unicorns and IPOs to create the continents first wave of startup moguls. But unlike other markets, big public listings and nine-figure valuations could remain rare in Africa.
The rise of venture arms and startup acquisitions will factor more prominently than IPOs in creating Africas early startup successes.
Ill break down why. First, a quick briefer.

Primer on African tech


Not everyone may be aware, but yes, Africa has a booming tech scene. When measured by monetary values, its minuscule by Shenzen or Silicon Valley standards.
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