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STATISTICS | Only 3 African Countries Host Companies Worth Over $1 Billion – Here is Why
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STATISTICS | Only 3 African Countries Host Companies Worth Over $1 Billion – Here is Why
Africa’s corporate landscape is sharply uneven, with billion-dollar companies – commonly referred to as “unicorns” in the tech world – emerging in only three countries: South Africa Nigeria, and Egypt. This stark concentration reflects broader challenges in scaling businesses across the continent and highlights structural imbalances in investment, infrastructure, and access to capital. Africa’s Billion-Dollar Divide According to data from Vis…
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