Investments will largely be focused on startups in South Africa, Nigeria, Ghana, Kenya and Egypt.
Norrsken22, an Africa-focused venture capital firm, received the backing of more than 30 unicorn founders and institutions to raise $205 million for new tech investments on the continent.
We have made five investments to date, including in Tyme Bank in South Africa,” said Kolbe. “We would like to build out a portfolio of about twenty investments in the beacon economies of Africa.” Africa is home to the fastest growing and most youthful population in the world, with tech-savvy youngsters increasingly tapping their smart-phones for services from entertainment to banking.
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