Besides being the chief executives of multibillion-dollar African startups, Olugbenga Agboola of Flutterwave, and Ham Serunjogi of Chipper Cash have one other thing in common: credentials from US universities. A lot of African tech leaders that raise venture capital funding are like them.
In 2021, 73% of the over $4 billion raised by African startups was by CEOs whose latest degree was a Masters or MBA obtained from a university outside of Africa, according to analysis by Africa: The Big Deal, a substack newsletter that covers startup deals in Africa. The analysis relied on educational history as displayed on the CEOs’ LinkedIn profiles.
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Originally published on Quartz : Original article