- 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
Addis is the founder and chairman of Kazana Group, a holding company with a mission to promote economic prosperity in Africa by supporting companies making impactful changes and solving critical problems in the lives of communities around them.
Kazana, a Swahili name for ‘striving hard,’ has investments in more than a dozen early-stage companies across Africa. Addis believes in empowering African entrepreneurs and is one of the biggest cheerleaders for Ethiopia’s nascent tech ecosystem.
His passion for tech saw him Co-found Dodai, an Africa-focused technology company with a vision to make life in Africa hassle-free by localizing technologies.
Addis honed his entrepreneurial spirit in Canada before he moved back to Africa to help drive inclusive growth and development.
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The European Investment Bank has committed $37.5 million through EIB Global to Tanmiya Capital Fund II, helping the Egypt-focused investment fund raise $130 million for growing businesses.
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Madica has secured an additional $6 million from Flourish Ventures to invest in 25 to 30 African startups over the next three years.
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The Nclude Fund, advised by DPI Venture Capital, has reached a final close of more than $112 million to invest in financial technology and related businesses across Africa and the Middle East.