The Empower Africa Business Platform is Now Live !!!
The round was led by global venture capitalists LocalGlobe, Amplo, Pronomos Capital, and Future Africa.
Itana’s Digital Free Zone will be a physical and virtual space that will offer businesses a range of benefits, including:
The funding will be used to develop the Itana Digital Free Zone, as well as to grow the company’s team and launch its digital residency program.
The startup is on a mission to empower entrepreneurs to establish a highly esteemed business within Nigeria’s inaugural digital-free zone.
“Within the Itana digital free zone, startups will have the benefit of a stable policy environment, tax and capital repatriation incentives and the freedom to operate remotely without the need for an expansive physical presence within the free zone. I’m looking forward to the global businesses from Nigeria that will emerge from this,” founding investor Iyinoluwa Aboyeji was quoted as saying.
Egypt-based fintech startup Paymob has announced a successful extension of its Series B funding round, securing an additional $22 million.
Inspired Evolution, a private equity firm that invests in clean energy across Africa, has officially closed its Evolution III Fund with a total commitment of $238 million.
The investment was made by Alta Semper Capital LLP , a dedicated frontier-markets private equity firm investing in flexible and strategic capital in healthcare and consumer opportunities.