- EmpowerAfrica
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Did you know that over 525 million people used the internet in Africa in 2019? If current growth trends continue, almost 75% of Africans are expected to come online by 2030.
African Changemaker
Fatoumata is a Senegalese tech entrepreneur driving change in Africa’s venture capital space.
She believes in the power of technology as a catalyst in propelling socially conscious “leapfrog development” on the continent. This drive pushed her to found Janngo.africa Capital, Africa’s first social startup studio leveraging technology to build, grow and invest in pan-African ‘tech for good’ champions with proven business models and inclusive social impact.
Fatoumata is currently serving as the Founder and Executive Chair of Janngo Capital. Passionate about women’s entrepreneurship and empowerment, her career and commitment have earned her several distinctions, including being named The World Economic Forum Young Global Leader.
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Maia Capital Partners has committed R150 million (US$9.12 million) in mezzanine debt financing to South African renewable energy company Nesa Power, providing growth capital to expand its commercial and industrial (C&I) solar business and increase its portfolio of long-term power purchase agreements (PPAs).
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Nigeria’s Bank of Industry (BOI) has appointed Kuramo Capital Management as fund manager for the $170.6 million DICE Fund of Funds.
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Nairobi-based venture capital firm Novastar Ventures has partnered with Google to launch an Applied AI Lab that will give African startups and researchers access to advanced artificial intelligence technology, technical expertise, funding opportunities, and venture support.