Breega launches $75M fund to back African startups, citing boundless opportunities
- Breega secured $52m for its new $75m African fund.
- The firm opened offices in Lagos, Nigeria, and Cape Town, South Africa.
- Breega plans to invest in Nigeria, Egypt, South Africa, Kenya, and Francophone countries.
Breega's strategic focus on addressing core needs in Africa through technology-driven investments is commendable. However, the challenges of building markets from the ground up and competing against traditional incumbents should not be underestimated. Continued support and collaboration with local stakeholders will be crucial for the success of their initiatives.
