Africa’s first billion-dollar tech IPO on a major exchange may be imminent.
TPG Growth, the global middle market and growth equity platform of private equity firm TPG Capital, has announced the appointment of Yemi Lalude as Managing Partner of TPG Africa.
Despite its success in other parts of Africa, mobile money has not fully taken off in Nigeria, Africa’s largest economy.
Paga, Nigeria’s leading mobile payment company, announced this week the completion of a $13 million Series B financing led by Adlevo Capital.
Interswitch Ltd., which processes payments for banks and owns a brand of debit cards in Nigeria, is considering initial public offerings in London and Lagos next year as it plans an expansion into new African markets.