54 Collective To Shut Down Venture Studio in Africa
54 Collective will shut down its venture studio operations in Africa after April 30, 2025. The firm has backed over 40 startups and created more than 17,500 jobs through its programs.
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.
