- 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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South African fintech Yoco has secured a $100 million credit facility from US investment firm Victory Park Capital to expand working capital financing for small and independent businesses.
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The International Finance Corporation (IFC) has proposed investing up to $30 million in Capital Alliance Private Equity Fund V (CAPE V), sponsored by Lagos-based African Capital Alliance (ACA).
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Sahara Impact Ventures and Acumen have invested in Ghanaian agribusiness Wami Agro to expand its operations, improve market access for smallholder farmers, and support the establishment of a processing facility in Ghana.