Two high-profile tech listings have become a real-time test of whether Africa's exchanges can anchor capital raising in the next decade. Strong demand in Johannesburg and Casablanca suggests a shift in liquidity, improved investor confidence, and a maturing pipeline of tech issuers on the continent.
Africa's public markets appear to be entering a new phase as more tech firms begin treating local exchanges as viable paths to raising capital, while strong demand in Johannesburg and Casablanca promises a shift in liquidity, improved investor confidence, and a maturing pipeline of tech issuers on the continent.
Signals include a combination of bourse reforms, fintech maturity, and expanding listing pipelines, while recent dual tech listings in North and South Africa are the clearest sign of market readiness. And the continent stands to benefit from reshaping perceptions of liquidity and investor appetite.
