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Is the race for unicorns, a rightful race for African tech startups?
- March 2, 2021
- Posted by: Alaae Sbai
- Category: Africa, Economics, Technology
With a valuation of around $1 billion at IPO, Jumia’s listing in 2019 in the New York Stock Exchange has confirmed Africa’s first ‘now failed’ unicorn. The term ‘’unicorn’’ was coined in 2013 by Aileen Lee, a Silicon Valley venture capitalist, to describe a privately held, fast-growing startup. In detail, a unicorn refers to a