Pan-African digital payments company MFS Africa is acquiring U.S.-based Global Technology Partners (GTP) in a cash-and-shares deal worth $34 million, FT reported today.
There are very few deals of such manner; that is, an African tech company buying up a U.S.-based one. While it can be seen as bragging rights for some, MFS Africa made the deal out of a necessity for its next growth phase.
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