- 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.
Niama is a Moroccan startup founder, investor and advisor in technology companies in Africa and beyond.
She is the Founder of WaystoCap, a premier B2B marketplace in Africa on a mission to solve the inefficient continental supply chain by bringing: payments, logistics, and distribution into one online platform.
Now acquired, WaystoCap is one of the first North African companies to be accepted into Y Combinator in 2016. Niama is also the Managing Partner at The Baobab Network, an accelerator investing in early-stage technology companies across Africa. At the Baobab Network, she is backing founders leveraging technology to solve some of the continent’s most significant challenges today.
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South African private equity firm Infinite Partners has completed fundraising for its Core Equity Fund II, securing approximately $169.8 million to finance growth and ownership transactions in established mid-market businesses.
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East Africa Foods (EAF), a Dar es Salaam-based agritech and food distribution company, has raised approximately $40 million to expand its processing, storage, transport, and digital infrastructure.
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Lighthouse Capital is raising a $50 million private equity fund to invest in growing mid-market companies in South Africa and Kenya, combining equity financing with hands-on support for business operations.