Funder Likes & Funding Gaps Force African Startups To Be ‘Foreign Local Firms’

Flutterwave, Tala, Paga, Paystack, Hotels.ng, Syncommerce, Breadfast, Andela, Branch, Hourspent, Truzo, Jumia, and perhaps many more. 

What do all those names have in common besides being tech startups that operate in Africa? Answer: They are all incorporated abroad (outside the countries where they operate), and are technically foreign companies by virtue of their registration.