Far Lands

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

By  |  August 5, 2020

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. 

Most Read


It Isn’t Just VC Deals; African PE Fundraising Also Draws Nigh To A Tipping Point

All of no sudden, there is an apparent abundance of capital sources available


Why Africa’s Bumpy Automotive Marketplace Is Revving With Acquisitions

Regardless of narratives depicting heavy traffic congestion and perpetually busy roads, the world’s


Post-pandemic, Exorcising African Edtech’s Many Demons Is A Chore Beyond Casting Lots

For the first time in history, the youngest-ever president in French antiquity did