10 African Startups With The Potential To Become Unicorns

Avatar
Written by Peter Pedroncelli

The Africa Internet Group became the first startup unicorn from Africa when the leading e-commerce group in the continent was valued at more than $1 billion last year, becoming a pioneer among African startups.

The innovative nature and growth of the African tech scene appears to suggest that more African countries will become unicorns in the near future.

There are a few startups that are approaching that milestone, and they have the potential to become members within a group of global unicorns that only number around 150 or so in total.

According to the Africa innovation report by Liquid Telecom, future unicorns are expected to come from one of the five countries currently leading the continent in digital innovation, which are Kenya, Ivory Coast, Nigeria, Ghana and South Africa.

With that in mind, here are 10 African startups which have the potential to become unicorns.

Sources: VC4A, TrueAfrica, Quartz, TechCrunch, TechCentral.