Indexa Exchange Group has launched the Africa Tech Index series at the London Stock Exchange (LSE), introducing the Africa Tech 50 Index (AT50).
AT50 is a quarterly, rules-based benchmark designed to measure listing readiness and market signal across Africa’s leading private technology companies.
The launch marked the first public market opening for Indexa and convened a cross-section of the capital markets and innovation ecosystem, including exchange leadership, institutional investors, venture capital firms, founders and executives from AT50 companies, and professional services firms supporting listings and market infrastructure.
The programme included a fireside discussion and two panels examining private market liquidity, governance, disclosure discipline, and public markets as a growth platform for scaled technology companies.
Gbite Oduneye, chairman of the Africa Tech Index, said the objective is to provide long-term capital with credible reference points for assessing readiness, governance, and liquidity visibility in Africa’s private technology cohort.
“Africa’s leading private technology companies are generating real revenue and serving millions, but long-term capital has lacked consistent reference points to assess readiness, governance, disclosure discipline, and credible liquidity pathways,” Oduneye said.
He added, “AT50 is designed to turn private proof into public signal, through quarterly discipline, transparent criteria, and independent oversight.”
The AT50 Index is governed through a structured framework designed to separate methodology stewardship and inclusion oversight from commercial partnerships. Indexa said the benchmark will be reviewed quarterly using a six-pillar framework covering valuation momentum, revenue strength, liquidity visibility, governance maturity, strategic expansion, and market signal.
Oduneye said, “AT50 is designed to turn private proof into public signal, through quarterly discipline, transparent criteria, and independent oversight.”
Karima El Hakim, partner at Plug and Play and a member of the AT50 Governance Council, said the benchmark is intended to bring greater comparability to how scaled African technology companies are evaluated by global stakeholders.
According to El Hakim, “the opportunity is to make Africa’s scale visible on its own terms, with a credible framework that global capital can see, trust, and price.”
“The opportunity is to make Africa’s scale visible on its own terms, with a credible framework that global capital can see, trust, and price,” El Hakim said.
Arunma Oteh, a capital markets leader and chairperson of the Royal African Society, said stronger transparency and governance standards can reduce perceived risk and improve access to long-tenor capital.
“Markets run on trust, and trust is built through transparency and consistent standards,” said Oteh, a former director general of Nigeria’s Securities and Exchange Commission (SEC).
Oteh said: “Markets run on trust, and trust is built through transparency and consistent standards. When governance improves and disclosures strengthen, capital can become cheaper and more durable.”
Abi Ajayi, primary markets head, Africa & Middle East at the London Stock Exchange, said the event reflects LSE’s long-standing engagement with African issuers and market development, and signals increasing interest in credible market infrastructure that supports future listings and liquidity.
“This launch reflects continued momentum around credible market infrastructure that supports future listings and liquidity pathways,” Ajayi added.
John Lazar, a long-standing advocate for African market connectivity, said initiatives like AT50 help create clearer pathways for scaled companies to engage global public markets, whether through London or stronger domestic listing outcomes that are internationally comparable.
“This is a practical step towards clearer listing pathways and global comparability for Africa’s most scaled private companies,” Lazar noted.
Indexa Exchange Group said the AT50 launch is the first milestone in a broader multi-exchange engagement roadmap across Africa and international markets, with further governance, methodology, and market-brief publications to follow.
