Monday, July 4, 2022
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Investments

Luxembourg and Cote d’Ivoire are investing in the African Technology Impact Fund

Tech Gist Africa by Tech Gist Africa
02/16/2021
in Investments, News, The Big 5, Venture Capital
0 0
0
Funding Africa startup

Funding Africa startup

0
SHARES
Share on FacebookShare on Twitter

The African technology fund will be funded by the Luxembourg and Cote d’Ivoire governments.

Both Governments will invest EUR10 million in Bamboo Capital Partners’ BLOC Smart Africa, towards a EUR100 million technology impact fund.

July last year during the United Nation High Level Political Forum, Cote d’Ivoire announced to contribute EUR 5 million to the African technology fund.

As part of the Smart Africa Alliance, a pan-African project to accelerate sustainable socioeconomic development by investing in underserved African communities.

However, the fund will be used to invest in high-growth potential start-ups to grow exponentially throughout the continent.

Also, the investments from the Governments of Luxembourg and Côte d’Ivoire will be funded by BLOC Smart Africa’s first loss tranche.

This will cover senior tranches of institutional investor financing.

And provides them with a risk-adjusted market-based return that satisfies their fiduciary criteria.

“We have a critical funding gap across Africa,” said Lacina Koné, Smart Africa’s director general.

“The BLOC Smart Africa Fund, which is the first of its kind to help achieve the Sustainable Development Goals.

In addition, this will go a long way in bridging the financing gap between the seed and growth phases for hundreds of businesses.

In particular, start-ups in Africa, emerging and frontier markets.”

According to Jean-Philippe De Schrevel, Bamboo Capital Partners’ founder and managing director;

“the alliance with the governments of Côte d’Ivoire and Luxembourg would play a crucial role in de-risking the fund’s senior tranches”.

Also, this initiative will attract investors and taking Africa one step closer to becoming a single digital economy.

More on Tech Gist Africa

Carbon Launches $100000 Fund to Support Emergent Tech Startups in Africa

Uncovered Fund of Japan launches a $15 million fund to support early-stage start-ups in Africa

Venture capital company, Knife Capital has raised $10 million for its Series B funding round

For Catalyst Fund accelerator, six African fintech startups have been selected.

 

ShareTweetShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

MEST Express Accelerator
Accelerator

The MEST Express accelerator program is now open to Ghanaian startups

by Tech Gist Africa
07/04/2022
0

Early-stage Ghanaian startups can now apply to the MEST Express accelerator program to help them grow their businesses.  Over 50...

Read more
Central African Republic Bitcoin

The President of the Central African Republic supports cryptocurrency despite setbacks

07/04/2022
Moove Nigeria

Moove, a Nigerian mobility fintech startup, has raised $20 million in funding from British International Investment

07/04/2022
Moroccan central bank Cryptocurrency

The Moroccan Central Bank is currently working on a bill to regulate cryptocurrencies

07/04/2022
OKO Mali

OKO, a Mali-based insurtech, has raised $500k in a seed extension round

07/04/2022
Next Post
Jagua land rover electric car tech gist africa

By 2025, Jaguar Cars will be all-electric

Fintech News Tech Gist Africa

Ecobank Nigeria introduces money transfer via WhatsApp, SMS and Email

bitcoin cryptocurrency tech news africa

Bitcoin exceeds $50,000 for the first time as Major Corporations jump into Cryptocurrency

No Result
View All Result

The Big 5

google Tech Gist Africa

Google Analytics is now banned in Italy, making it the fourth country in the European Union to do so

by Tech Gist Africa
07/04/2022
0

...

ehealth healthcare tech news africa

To support e-health entrepreneurs in Africa, a new $7 million i3 program has been launched

by Tech Gist Africa
07/04/2022
0

...

khaby lame

Khaby Lame, the biggest TikTok star in the world, is now a global brand ambassador for Binance

by Tech Gist Africa
07/04/2022
0

...

Apple CarPlay

Apple wants to sell fuel from its CarPlay dashboard as it ramps up its automotive software development

by Tech Gist Africa
07/04/2022
0

...

Snapchat

Snap has launched a paid version of its Snapchat app

by Tech Gist Africa
07/04/2022
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.