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
-
Bocar Ahamadou Touré (AGRA): “Without Clear Policies, Sustainable Soil Management Is Impossible”
17:57
-
Short-Term Borrowing Costs Dip Slightly in Cameroon After Years of Climb
17:46
-
In Africa, a Market for Medical Robotics Is Expanding. Adoption Is the Hard Part
16:16
-
Togo ranks second in Africa in World Bank gender law index
15:15
-
Togo opens 2026 cashew season, cuts farm-gate price to 350 CFA francs per kg
15:03
-
Algeria’s NESDA, ASICOM Sign SME Investment Deal; Funding Details Unspecified
15:02
-
BOAD Development Days to Put Sustainable Housing in Focus in Lomé
14:34
-
University of Lome tests scalable model linking farmers to school meals
14:21
-
Ghana Targets 70% 5G Coverage by 2027 Despite Delayed Commercial Launch
14:20
-
Egypt’s Swypex streamlines payments and expense management for SMEs
13:47
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
Algeria plans to launch construction of the $13 billion Trans-Saharan Gas Pipeline (TSGP) a...
Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors w...
Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends...
Siguiri mine produced 289,000 ounces in 2025, up 6% Fourth-quarter output rose 15%, boosting annu...
In Mali, as in many other African countries, sustainable soil management has become a critical issue. Climate change, rapid urbanization, and rising food...
Ghana aims to reach 70% 5G population coverage by March 2027, though the service is not yet commercially available. The government has shifted from...
Vaalco Energy has started production from a new well at the Etame offshore field, initially producing around 2,000 barrels per day. The...
South Africa expects a 3.1% decline in corn output to 16.13 million tons in 2025/26. The drop comes despite a 4.6% increase in planted area, due to...
More than 500 media leaders gathered in Nairobi on Feb. 25–26 for the fourth African Media Festival under the theme “Resilient Stories: Reinventing...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...