AFRICAN TECH SUMMIT OPENS TRADING ON THE LONDON STOCK EXCHANGE.
- June 17, 2019
- Posted by: Lead Contributor
- Category: News
African Tech Summit and various industry leaders from across the African continent opened trading on the London Stock Exchange to commemorate the fourth edition of the annual Summit held in London.
This year’s Summit was sponsored by Facebook, Yego Moto, The Baobab Network and Founders Factory Africa had 300 African tech leaders, investors, corporates and key stakeholders to drive investment and business forward in attendant. The Summit also showcased its support for the next generation of African innovators who pitched at the event.
During the event, the founder of African Tech Summit; Andrew Fassnidge said; “We are delighted to be at the London Stock Exchange to celebrate the start of Africa Tech Summit London and open the market with industry leaders from across the continent. African tech is growing up fast, investment is increasing rapidly, and flotations are now happening in a short space of time.
Andrew Fassnidge further expressed the excitement African Tech Summit has for the future, which will see more African founded tech companies listed, expanding globally and reinvesting in the next generation of African innovators.
The Co-founder of the Lagos Angel Network (LAN); Tomi Davies and President of the African Business Angel Network (ABAN) also said, “in this first half of 2019 aside from the well-publicised Jumia IPO we’ve had impressive investment rounds happening across all tech-enabled sectors from Fintech and Agritech to off-grid Solar. Depending on whom you believe, African start-ups raised anywhere from $760 million to $1.2 billion last year. This means we can expect higher standards, bigger cheques and much tougher due diligence as we go along.”
After the market opened, delegates moved to Africa Tech Summit London which covered different scopes of topics including Mobile Financial Services; Investment; Blockchain; Digital; Payments and Lending; Scaling and Exits; Mobility; Tech For Good and Women In Tech roundtable.
The Africa Tech Summit series provides insight and networking with the African tech ecosystem globally, with the flagship Africa Tech Summit Kigali returning to Rwanda on February 4th to 6th 2020.
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