OPay, MNT-Halan IPOs spotlight Africa’s startup exit surge
Nigerian fintech OPay is preparing to list on the New York Stock Exchange, while Egyptian rival MNT-Halan advances its own public debut on the Egyptian Exchange. Both moves were reported by BusinessDay this week, drawing attention to Africa’s startup exit landscape.
The timing has sparked discussion. Africa’s startup ecosystem has long faced criticism over limited exit opportunities, leaving investors and employees with few paths to liquidity. OPay and MNT-Halan, which have raised significant capital in recent years, could represent a shift—if their listings succeed.
The contrast with recent Indian IPOs is worth noting. When we covered the 22 Indian tech listings in fiscal year 2026, the wave included a mix of profitable and unprofitable companies, many structured as offer-for-sale exits for early backers. Africa’s IPO pipeline, by comparison, appears smaller but may feature more established players. Whether this reflects a sustainable pattern or a one-off for the continent’s most prominent fintechs is still uncertain.
Investors will be watching the reception of these listings closely.
Sources: businessday.ng
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- OPay IPO, MNT-Halan listing put Africa's start-up exits in focus — businessday.ng
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