Lagos holds multitudes. So does the question of what kind of capital African economies actually need.
The Africa Finance Corporation's (AFC) commitment of up to $100 million to back Africa-focused technology funds made its rounds recently.
Iyinoluwa Aboyeji, whose Future Africa Fund III is a co-headline beneficiary of the announcement (receiving $15 million of the initial deployment), put out an impassioned response that was part testimony, part provocation, framing the development as a key sovereignty moment.
African institutional capital, on its own terms, backing African fund managers without the geopolitical strings that typically accompany foreign limited partner (LP) relationships.
My perennial thinking partner Tayo Akinyemi called it "remember this date" energy in the comments.
