Egypt may have found a way to keep more of its fintech value at home. MNT-Halan has been in talks since June to list its Egyptian-only business on the Egyptian Exchange, while keeping its operations in markets—such as the UAE, Turkey, and Pakistan—private. Nigeria, meanwhile, is facing the opposite situation: fintechs including OPay and PalmPay are looking at foreign listings. The Nigerian Exchange Group is now asking the government to encourage major fintechs to list locally, or at least alongside foreign listings, arguing that Nigerian investors should also have a chance to benefit from companies built on the country’s market.
What would it take for Nigeria to make staying home as attractive as going abroad?
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Kenya’s High Court has temporarily stopped NCBA Bank Kenya, one of the country’s largest lenders, from taking control of troubled logistics company Multiple Hauliers (EA) Ltd.
Originally published by TechCabal.