US Capria Ventures completes the first operation in the MEA region
Wednesday, 16 December 2020 18:11
The U.S. investment firm Capria Ventures has entered into an undisclosed strategic transaction with the UAE-based venture capital firm Global Ventures.
The transaction consists of an investment in Global Ventures' second fund, dedicated to startups in the Middle East and Africa (MEA) region. This is Capria Ventures' first direct transaction in the region.
"We are delighted to welcome a new investor to the regional ecosystem. Capria is one of the first US fund-of-funds to invest in the region and is internationally renowned for its success in emerging markets," said Noor Sweid (pictured), founder and senior partner of Global Ventures.
“We are very excited to see the transformative impact this investment and partnership will have across the region," he added.
Through this commitment, Capria intends to capture investment opportunities in the MEA region through equity investments in the health, financial services, education, agriculture, and digital sectors.
The venture capitalist Global Ventures, which targets growth companies, has integrated into its portfolio some twenty companies operating in about fifteen markets.
Chamberline Moko
Live News
-
Yaoundé Dialogue Reframes Migration as Economic System, Puts Youth at the Centre
19:12
-
Cameroon Awards five Oil Blocks, four Remain Unawarded in Latest Round
18:32
-
Uranium: Lotus Advances Toward Production in Botswana as Orano Moves In
15:57
-
DRC Tightens Grip on Mining Export Revenue With 30-Day Audit
15:55
-
Cameroon's Sosucam Boosts Sugar Capacity With $4.5 Million Nkoteng Plant
15:53
-
Togo plans tighter checks, digital tools to tackle uninsured vehicles
06:02
-
Spiro Partners Yango Operator to Roll Out Electric Motorbikes in Douala
05:56
-
Lacs 1 municipality reviews 2025 accounts, posts 9.5 mln CFA franc deficit
05:53
-
Douala Partners Huawei to Advance Digital Transformation Plans
05:46
-
Togo lists 168 licensed architects in latest official registry
05:33
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Cameroon awards five oil blocks to Murphy Oil and Octavia Four of nine blocks unassigned, reflecting cautious investor interest Deals enter...
Lotus Resources announced on Wednesday, April 29, the successful completion of the first phase of a drilling program at its Letlhakane uranium project...
President Félix Tshisekedi ordered the launch, within 30 days, of an audit covering the entire mining revenue chain, from physical shipments to...
Société sucrière du Cameroun (Sosucam), a subsidiary of France's Castel group, invested 2.5 billion FCFA (about $4.5 million) in a new sugar...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....