Great news from Africa’s tech sector came in recently.
The number of women founders & co-founders in Africa is on the rise, and African hubs are trying to avoid the flaws of more mature markets.
In November, Janngo Capital, lead by Fatoumata Bo, raised €15 million ($16.5 million) from the European Investment Bank as a key step in her team’s target of closing a €60 million fund in the first quarter of 2020. It aims to be the largest pan-African VC fund able to deploy capital from seed through growth stage, says Ba, who is originally from Senegal. Crucially, Ba and her team are 60% female, with plans for 50% of its portfolio to be founded or co-founded by, or directly benefitting, women!
Read the full article about African female leaders building a more diverse and inclusive industry!