The World Bank Group's private sector arm is anchoring the Nairobi-headquartered manager's second African growth equity vehicle, which targets eight to twelve portfolio companies across Nigeria, Kenya, and South Africa.
The round is the largest publicly disclosed tech Series A round in the country this year and signals growing local investor appetite for homegrown digital platforms.
Ghana’s innovation economy is facing a busy and bewildering few weeks. Two major deadlines — one regulatory, the other legislative — are fast approaching.
Cameroon now accounts for over 70% of mobile money transactions in Central Africa. According to BEAC, it processed more than €90bn in mobile money transactions in 2022 alone.
As more startups layer financial services onto distribution networks, the message is clear: surviving Africa’s B2B e-commerce crunch may hinge less on moving goods, and more on financing them.
The World Bank Group's private sector arm is anchoring the Nairobi-headquartered manager's second African growth equity vehicle, which targets eight to twelve portfolio companies across Nigeria, Kenya, and South Africa.
