AlphaCode Venture Partners led the closed Series A, joined by returning investors General Catalyst and MultiChoice and new backer Canal+, bringing Moment's reported total funding to $55 million.
Nigeria’s pledge to list its state oil company, South Africa’s ZAR 3 billion hydrogen-fund close and Namibia’s insistence on processing critical minerals at home show governments trying to set the terms of capital. None removes execution risk: Nigeria has no IPO timetable, the hydrogen vehicle still targets a fourfold expansion and Namibia must convert policy conditions into funded plants.
Airtel Africa is expanding its investment bank lineup for the planned London listing of its mobile money unit, Airtel Money, in a deal that could value the business at approximately $10 billion. Citigroup is leading the transaction, which is expected to raise between $1.5 billion and $2 billion and would mark London's largest IPO since Wise in 2021.
