In January, a group of African investors and executives, including Tomi Davies, the founding president of the African Business Angel Network (ABAN), and Babs Ogundeyi, CEO of Nigerian neobank Kuda, smiled for pictures at the London Stock Exchange to launch the Africa Tech 50 Index (AT50), a quarterly, rules-based benchmark measuring how prepared African startups are for public listings. The AT50 assesses companies using a six-pillar framework covering valuation momentum, revenue strength, liquidity, corporate governance maturity, expansion strategy, and broader market signals. “The goal is to make Africa’s most scaled private companies visible through a framework global capital can see, trust, and price,” said Karima El Hakim, a partner at Plug and Play and a member of the AT50 Governanc...