(Ecofin Agency) - Bamboo Capital Partners signed a partnership agreement with Smart Africa Alliance for the mobilization of €100 million to support digital startups.

The agreement was signed on May 16, 2019, during the Transform Africa Summit by the director general of Smart Africa Alliance Lacina Koné, and the managing partners of Bamboo, Jean-Philippe de Schrevel and Florian Kemmerich.

According to Lacina Koné, this partnership will help “ execute the decision taken by the Heads of State of Smart Africa in 2018 by creating a Venture Capital Fund to invest in digital startups throughout Africa. BLOC Smart Africa will seek to identify and grow the future generation of Pan-African technology champions in close cooperation with our members, partners and local tech eco-systems from the public and private sectors. Hence, a unique opportunity to catalyse the entrepreneurship and creativity of our promising young African talents.”