The Empower Africa Business Platform is Now Live !!!
The fund will focus on startups in a number of sectors, including fintech, agritech and edtech.
The fund will be managed by Black Ostrich Ventures’ team of experienced investors, who have a proven track record of investing in and supporting early-stage startups in Africa.
“If you look at the capital inflows into VC in Africa, the Big Four countries—Nigeria, South Africa, Egypt, and Kenya—attract all the capital. But most exits do not happen in these markets,” says Ajani Windsor-Areago, General Partner of Black Ostrich Ventures.
The Black Ostrich Ventures Africa Fund is part of a growing trend of venture capital investment in Africa.
In recent years, there has been a surge of interest in African startups from investors around the world.
The launch of the Black Ostrich Ventures Africa Fund is a positive sign for the African startup ecosystem.
The fund will provide much-needed capital to early-stage startups, and it will help to accelerate the growth of the ecosystem.

Novastar Ventures has announced a $3.5 million investment in Sistema.bio, a Nairobi-based company pioneering renewable energy solutions for smallholder farmers.

LNKO, a rapidly growing direct-to-consumer (D2C) eyewear brand, has secured a strategic equity investment from Beltone Venture Capital to drive its expansion across Africa.

Nigerian automotive startup Mecho Autotech has raised $2.4 million in pre-Series A funding to expand into wholesale spare parts distribution.