Kibo Capital Partners invests in French venture capital Saviu Venture
Monday, 25 March 2019 13:18
Mauritius-based private equity Kibo Capital Partners structures a new investment via its second fund Kibo Funds II. The investment was made in Saviu Ventures, a venture capital fund based in France with operations in Kenya and in Côte d'Ivoire.
The financial details of this transaction have not been disclosed but, it should be noted that this is the tenth investment structured through the Kibo Funds II, closed at $83 million. With the new operation, the fund is 83% invested and allows Kibo Capital Partners to indirectly enter the capital of African tech (and various sectors) startups in strong growth.
On its website, Saviu Ventures, created in 2017, reveals that it supports firms in various sectors of activity with up to $800,000 investments. In its portfolio, it has numerous national and Panafrican firms.
Idriss Linge
Live News
-
Ghana Partners with eLearning Africa to Boost Digital Learning Nationwide
18:31
-
Togo Updates PURS Program with Partners amid Increased Insecurity-induced Displacement in North
18:17
-
Port of Limbé: Cameroon Bets on Turkish Yenigün, a Controversial Partner in a Risky BOT Deal
18:11
-
Ghana Launches Training Program to Boost Cancer Care Across Africa
17:45
-
DR Congo: Kamoa-Kakula Copper Smelter Secures Full Production Sales
17:41
-
African Liquefied Natural Gas Sector Fuels Asian Shipbuilding
17:37
-
Flutterwave Secures Payment License in Senegal, Expands Francophone Africa Presence
16:53
-
Logistics Startup Leta Launches Operations in Ghana
16:39
-
CEMAC Inflation Slows, but Cameroon Keeps Prices High in Q1 2025
15:33
-
Togo Launches 23 Local Development Projects Backed by GIZ Funding
15:27
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...
• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...
• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....
• Ghana signs a deal with eLearning Africa to expand digital learning access across the country.• The partnership focuses on deploying modern digital...
Ghana launches the Oncology Nurse Leadership Program (ONLEP) to train specialized oncology nurses from seven African countries. The five-year...
Ivanhoe Mines signs deal covering 100% of Kamoa-Kakula smelter’s copper output. The smelter will process up to 500,000 tonnes annually, starting at...
African gas projects drive significant contracts for Asian shipbuilders, especially for Floating Liquefied Natural Gas (FLNG) units. South Korean...
Kolmanskop offers a haunting blend of lost wealth, colonial history, and the unstoppable force of nature. Located just a few kilometers inland from...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...