Janngo launches $66.5mln fund to back African startups
Wednesday, 22 January 2020 12:37
Private equity firm Janngo, based in Abidjan, Côte d'Ivoire, announces the launch of a $66.5 million fund dedicated to financing startups in Africa. The fund, Janngo Capital Startup Fund, will target at least 50% of technology companies founded or co-founded by women entrepreneurs.
Janngo's investment strategy is to provide capital support to early-stage and growth companies with proven business models that generate significant financial and social returns. The funding to be allocated will be between €50,000 and €5 million, according to Fatoumata BA (pictured), President of Janngo.
Janngo aims is to empower African women “considered as the most enterprising in the world, but who face a financing gap of about $ 42 billion,” according to studies by the Roland Berger firm.
For this project, Janngo has received €15 million in support from the European Investment Bank (EIB).
Chamberline Moko
Live News
-
Rwanda trade deficit narrows 12.5% in Q2 2025 as imports, exports fall
20:42
-
Mali rolls out new digital tools to modernize public administration
20:14
-
Orion seeks $200 mln to kickstart South Africa’s Prieska copper-zinc mine
20:00
-
BW Energy reshuffles leadership, keeps Africa core to growth strategy
19:44
-
Cabrel Dji brings digital innovation to traditional tontines in Cameroon
18:08
-
Cameroon: Sodecoton Partners Onacc to Combat Climate Change Losses
17:33
-
Norwegian Scatec Consolidates Cameroon Solar Dominance with Second CFA25 Billion Investment
16:39
-
Cameroon Navigates Inflation: 2018-2025 Economic Overview
16:12
-
CAF to launch “Yalla” app for AfCON 2025 tickets, Fan ID and e-Visa
13:14
-
Cameroon seeks study firm for CFA500 bln national fertilizer plant project
12:56
From Dakar to Nairobi, Kampala to Abidjan, mobile money has become a lifeline for millions of Africa...
Airtel Gabon, Moov sign deal to share telecom infrastructure Agreement aims to cut costs, boo...
• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol,...
Malawi votes in high-stakes presidential election Tuesday Economic crisis, inflation dominate vot...
Vision Invest invests $700m in Arise IIP, Africa’s largest private infrastructure deal in 202...
Trade deficit down to $758.9 mln in Q2 2025 from $867.3 mln a year earlier. Exports dropped 35.6%, while imports declined 20.5%...
Local firms deliver digital solutions for transport, health, and territorial admin. Systems include biometric licenses, hospital records, and local...
Orion Minerals signs non-binding funding deal with Glencore for Prieska project. Financing of $200–250 mln planned in two stages, tied to 10-year...
Brice Morlot moves from CFO to head of operations, replacing Lin Espey. Thomas Young shifts from strategy to CFO as company targets 90,000 bpd by...
Surprisingly, only one African song made it onto Rolling Stone's list of the 500 Greatest Songs of All Time. The track is "Essence," a collaboration...
The Umhlanga Festival, also known as the “Reed Dance,” is one of the most iconic cultural events in the Kingdom of Eswatini in Southern Africa. Every...