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
-
Cocoa Prices Edge Up in Cameroon but Fall Far Short of Government Targets
19:18
-
Cameroon Targets $40 Million in Revenue with New Phone Import Tracking System
19:15
-
Long-Stalled Kakobola Plant Comes Online in DR Congo's Energy-Starved Kwilu
18:55
-
U.N. mission assesses Togo’s counter-terrorism efforts
18:19
-
Oman explores Togo opportunities amid Africa investment ambitions
18:04
-
Tennis Events in Botswana Generate $438k in 2025 Amid Push to Diversify Tourism
17:47
-
WTO Ministerial Conference Opens in Yaoundé Amid Push to Reform Global Trade Rules
16:46
-
University of Lomé to Offer Master's in Public Procurement Engineering from 2026
16:16
-
Philip Boye-Doku Builds Fintech Platform PayBox for African SMEs and Consumers
16:04
-
Algeria Launches Tech Initiative to Address Water Scarcity
16:01
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
Four years after Russia’s 2022 invasion of Ukraine, the fertilizer market is facing a new shock as m...
DR Congo commissions 10.5 MW Kakobola hydropower plant in Kwilu Project to supply over 400,000 people, boost local economy Launch follows delays, with...
International tennis tournaments in Gaborone attracted over 7,000 visitors and supported more than 200 seasonal jobs Tourism accounts for about...
Ghana will launch a digital platform to publish and centralize all Power Purchase Agreements (PPAs). The reform follows controversies over opaque...
The World Bank allocates $75 million to fund the DR Congo’s second general population and housing census (RGPH2), part of a $100 million...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...