- 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
Stanford is a South African entrepreneur, venture capitalist, and
champion for Africa’s tech ecosystem.
He is the Co-Founder and General Partner of 4Di Capital, a Cape Town-based venture capital firm that invests in technology startups. Stanford started his career as a software developer before transitioning to entrepreneurship and is recognized as one of the leading figures in the South African startup ecosystem. He has served as a mentor and advisor to numerous startups and has been a vocal advocate for improving the business climate for entrepreneurs in the country.
Stanford co-founded the Silicon Cape Initiative in 2009 to highlight and catalyzer South Africa’s nascent emerging technology startup ecosystem. In 2013, Forbes listed him as ’30 Under 30: Africa’s Best Young Entrepreneurs.
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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.