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
-
West Africa’s Hidden Tomato Trade and the Limits of Official Data
17:21
-
DRC: Maluku Special Economic Zone Gets River Dock to Ease Exports
19:27
-
UN, Kenyan Bank Launch Loan Guarantee Scheme to Expand Startup Lending
18:24
-
Nigeria Weighs Higher Power Exports to Togo, Pending Payment Guarantees
18:02
-
Omar Gabr Reinvents Bug Tracking with AI-Driven Insights
10:51
-
Cameroon Reviews Progress on XAF350bn Rail Programme as Projects Near Implementation Phase
09:46
-
Cameroon Moves to Cut Food Imports with Cassava and Palm Oil Investment Deals
08:43
-
Douala Port Signs XAF40bn Rail Concession to Upgrade Logistics, Raise Revenues
08:19
-
African cotton producers meet in Lomé to tackle productivity challenges
18:41
-
Cameroon Suspends Fuel Shipments From Importers Over Payment Disputes
18:18
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
This week, Africa is facing a mixed health situation. Namibia has declared an end to its mpox outbre...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Tomatoes are widely produced and consumed in West Africa, but much of the trade occurs through informal channels, leaving regional market dynamics largely...
Maluku SEZ to receive river dock to boost logistics Saphir Ceramics funds dock to improve exports via river Facility supports growing industrial...
UNCDF, Co-op Bank Kenya sign guarantee to boost digital lending Risk-sharing aims expand financing access for startups, platforms Deal supports...
Nigeria considers increasing 75 MW electricity exports to Togo Talks focus on meeting rising demand and recent supply disruptions Expansion depends on...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...
Afreximbank launches Impact Stories season two highlighting trade-driven transformations Series features projects across Africa and Caribbean, from...