Africa Tech Festival Innovation & Excellence Awards Highlights
MTN Ghana awarded Telco of the Year for exceptional telecommunications services. WIOCC Group recognized for enhancing digital infrastructure across Africa.
Africa Venture Firm Janngo Capital Raises $78 Million For Its Second Fund
Janngo Capital closed its second fund at €73 million. Main backers include African Development Bank Group and European Investment Bank.
African ‘gender equal’ VC Janngo Capital closes second fund at $78M
Janngo Capital closed its second fund at €73 million, 20% more than its initial target. The first close of the fund was marked at €34 million in 2022.
EdTech funding decline takes centerstage at Mastercard Foundation conference
EdTech startups in Africa secured only 1.4% of the continent's 2023 VC funding. The lack of funding has led to smaller deal sizes and a dearth of exits.
Mastercard Foundation conference spotlights Africa’s edtech startups
The Mastercard Foundation Edtech conference in Abuja brought together edtech startups, government officials, and investors to address the challenges faced by the industry. Edtech startups have struggled to convince investors, accounting for only 0.7% of total funding to tech companies in Africa.
