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In Africa, Bumpa, a fintech startup founded by Kelvin Umechukwu, made it to the Top 10 finalists for Africa’s Business Heroes 2026. The public vote for the People’s Choice Award is now open. The Moonshot 2026 event is coming up, with tickets now available at a 30% discount until October 24.
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MNT-Halan, a fintech unicorn based in Egypt, made its debut on the Egyptian Exchange (EGX) as one of Africa’s most closely watched initial public offerings (IPOs). The company raised approximately EGP 7.84 billion ($150 million) by selling a 20% stake in its local Egyptian business, with retail investors demanding far more shares than available.
The institutional tranche was also oversubscribed multiple times. The company's share price rose 6.6% on its first day of trading, ending 6.6% above its IPO price. The oversubscription indicates that investors were willing to pay the offer price, and the trading suggests that they expect to make a profit in the open market after the allocation of shares is exhausted.
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