TLDR:
Key Points:
- Kazana, an Ethiopian venture-capital firm, is seeking $10m for a pan-African fund.
- They believe East African start-ups can replicate Nigerian success with an international expansion strategy.
Ethiopia’s Kazana is looking to raise $10m for a pan-African venture-capital fund, with a focus on supporting start-ups in East Africa. The firm believes that by having a strategic international growth plan, East African start-ups can emulate the success of Nigerian companies. This fund will provide much-needed capital to help African start-ups scale their businesses and tap into global markets.
African start-ups seeking funding from Kazana’s venture-capital fund will need to demonstrate a clear and viable international expansion strategy. This marks a shift in the investment landscape, as more investors are looking beyond local markets to support businesses with the potential for global growth.
Kazana’s initiative shows a growing interest in supporting entrepreneurship and innovation in Africa, particularly in regions like East Africa where start-up ecosystems are rapidly developing. By providing funding and mentorship to promising start-ups, Kazana aims to not only drive economic growth in the region but also create opportunities for African entrepreneurs to succeed on a global scale.
