• Contact
Friday, July 1, 2022
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    These 4 countries are the biggest car manufacturers in Sub-Saharan Africa

    These 4 countries are the biggest car manufacturers in Sub-Saharan Africa

    Over 1600 African business joined Dubai Chambers since 2021

    Over 1600 African business joined Dubai Chambers since 2021

    15 African countries with the cheapest average prices of mobile data

    15 African countries with the cheapest average prices of mobile data

    Trending Tags

  • Business
    Angola SonaGás and OPAIA launch fertilizer industrial complex

    Angola SonaGás and OPAIA launch fertilizer industrial complex

    Angola first gold refinery to produce up to 50 kilograms per day

    Angola first gold refinery to produce up to 50 kilograms per day

    Yearly funding for Kenyan start-ups to hit Sh100 billion by 2025

    Yearly funding for Kenyan start-ups to hit Sh100 billion by 2025

    New forecast expects African airlines to record only $700 million net losses in 2022, as recovery picks pace

    New forecast expects African airlines to record only $700 million net losses in 2022, as recovery picks pace

    Kenya’s smartphone market sees shipments increase despite global shortages, report

    Kenya’s smartphone market sees shipments increase despite global shortages, report

    Coca-Cola delays listing of Coca-Cola Beverages Africa as a publicly traded company

    Coca-Cola delays listing of Coca-Cola Beverages Africa as a publicly traded company

    Global travel insurance market to reach $119 billion by 2030, report

    Global travel insurance market to reach $119 billion by 2030, report

    Kenya Airways losses an important licence from the European Union Aviation Safety Agency

    Kenya Airways losses an important licence from the European Union Aviation Safety Agency

    Constant Ventures launches $100m venture capital fund to invest in tech startups across West Africa

    Constant Ventures launches $100m venture capital fund to invest in tech startups across West Africa

  • Finance
    Afreximbank approves $10 million grant to operationalize the AfCFTA Adjustment Funds

    Afreximbank approves $10 million grant to operationalize the AfCFTA Adjustment Funds

    MFS Africa raises $100m funding to accelerate its expansion plans across Africa and Asia

    MFS Africa raises $100m funding to accelerate its expansion plans across Africa and Asia

    Nigeria pays $7.15 million for additional stake in Shelter Afrique

    Nigeria pays $7.15 million for additional stake in Shelter Afrique

    Fed hikes rates 75 basis points, intensifying inflation fight

    Fed hikes rates 75 basis points, intensifying inflation fight

    When this 3-year old bank acquired Nigeria’s second oldest bank, people wondered ‘how possible’.

    When this 3-year old bank acquired Nigeria’s second oldest bank, people wondered ‘how possible’.

    IMF’s newly proposed $50 billion trust fund to benefit low-income [African] countries

    IMF’s newly proposed $50 billion trust fund to benefit low-income [African] countries

    Mastercard strengthens digital payment capabilities across EEMEA

    Mastercard strengthens digital payment capabilities across EEMEA

    African Development Bank launches new initiative to build financial acumen of African cities

    African Development Bank launches new initiative to build financial acumen of African cities

    Safaricom and Visa launch M-PESA GlobalPay visa virtual card

    Safaricom and Visa launch M-PESA GlobalPay visa virtual card

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    These 4 countries are the biggest car manufacturers in Sub-Saharan Africa

    These 4 countries are the biggest car manufacturers in Sub-Saharan Africa

    Over 1600 African business joined Dubai Chambers since 2021

    Over 1600 African business joined Dubai Chambers since 2021

    15 African countries with the cheapest average prices of mobile data

    15 African countries with the cheapest average prices of mobile data

    Trending Tags

  • Business
    Angola SonaGás and OPAIA launch fertilizer industrial complex

    Angola SonaGás and OPAIA launch fertilizer industrial complex

    Angola first gold refinery to produce up to 50 kilograms per day

    Angola first gold refinery to produce up to 50 kilograms per day

    Yearly funding for Kenyan start-ups to hit Sh100 billion by 2025

    Yearly funding for Kenyan start-ups to hit Sh100 billion by 2025

    New forecast expects African airlines to record only $700 million net losses in 2022, as recovery picks pace

    New forecast expects African airlines to record only $700 million net losses in 2022, as recovery picks pace

    Kenya’s smartphone market sees shipments increase despite global shortages, report

    Kenya’s smartphone market sees shipments increase despite global shortages, report

    Coca-Cola delays listing of Coca-Cola Beverages Africa as a publicly traded company

    Coca-Cola delays listing of Coca-Cola Beverages Africa as a publicly traded company

    Global travel insurance market to reach $119 billion by 2030, report

    Global travel insurance market to reach $119 billion by 2030, report

    Kenya Airways losses an important licence from the European Union Aviation Safety Agency

    Kenya Airways losses an important licence from the European Union Aviation Safety Agency

    Constant Ventures launches $100m venture capital fund to invest in tech startups across West Africa

    Constant Ventures launches $100m venture capital fund to invest in tech startups across West Africa

  • Finance
    Afreximbank approves $10 million grant to operationalize the AfCFTA Adjustment Funds

    Afreximbank approves $10 million grant to operationalize the AfCFTA Adjustment Funds

    MFS Africa raises $100m funding to accelerate its expansion plans across Africa and Asia

    MFS Africa raises $100m funding to accelerate its expansion plans across Africa and Asia

    Nigeria pays $7.15 million for additional stake in Shelter Afrique

    Nigeria pays $7.15 million for additional stake in Shelter Afrique

    Fed hikes rates 75 basis points, intensifying inflation fight

    Fed hikes rates 75 basis points, intensifying inflation fight

    When this 3-year old bank acquired Nigeria’s second oldest bank, people wondered ‘how possible’.

    When this 3-year old bank acquired Nigeria’s second oldest bank, people wondered ‘how possible’.

    IMF’s newly proposed $50 billion trust fund to benefit low-income [African] countries

    IMF’s newly proposed $50 billion trust fund to benefit low-income [African] countries

    Mastercard strengthens digital payment capabilities across EEMEA

    Mastercard strengthens digital payment capabilities across EEMEA

    African Development Bank launches new initiative to build financial acumen of African cities

    African Development Bank launches new initiative to build financial acumen of African cities

    Safaricom and Visa launch M-PESA GlobalPay visa virtual card

    Safaricom and Visa launch M-PESA GlobalPay visa virtual card

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Business

Constant Ventures launches $100m venture capital fund to invest in tech startups across West Africa

TAB by TAB
07/06/2022
in Business
0
Constant Ventures launches $100m venture capital fund to invest in tech startups across West Africa
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

Constant Ventures launches $100m venture capital fund to invest in tech startups across West Africa

Constant Ventures, a part of the Constant Group, is raising a $100 million venture capital fund to invest across a range of technology startups with a focus on financial inclusion, education and healthcare. Investee companies will initially be located across Nigeria and Ghana, with the fund set to target the wider West Africa region.

Related posts

Angola SonaGás and OPAIA launch fertilizer industrial complex

Angola SonaGás and OPAIA launch fertilizer industrial complex

30/06/2022
4
Angola first gold refinery to produce up to 50 kilograms per day

Angola first gold refinery to produce up to 50 kilograms per day

28/06/2022
1

Recent advances in digital information technology provide an opportunity to both build and scale solutions to everyday challenges faced by millions of Africans, in particular, the aggregation of fragmented value chains, the formalisation of large sectors of the continent’s economy and the provision of much-needed access to financial services for both consumers and businesses.

The Constant Ventures fund has a unique structure that enables investment either directly in talented entrepreneurs and compelling start-ups across West Africa or through its proprietary venture studio, which serves as a catalyst to combine best-in-class entrepreneurs, ideas and capital to quickly build winning startups. Constant Ventures created the fund on the back of its successful track record as an angel investor, as well as a respected developer of technology businesses. To-date, it has invested $3.2 million in nine Nigerian startups, with a return of 5.6x, which is projected to return 15x after the next funding round.

Ike Echeruo, Chairman of the Constant Group and Co-founder and Managing Partner of Constant Ventures: ”We are very excited to be announcing this fund today. It has been a decade in the making, the result of deep-dive research and due diligence in anticipation of this moment when we knew that advances in information technology would enable startups across West Africa to commercially address real societal needs. Technology was always going to provide the answer to so many of the critical issues faced by millions of people across Africa today. We are now on the cusp of a paradigm shift with recent advances across information technology presenting a unique investment window. We have looked at what has worked in other geographies. Now, refined and optimised for Africa, we have modelled a fund to invest in businesses that will both improve the lives of millions of people and deliver outstanding returns for investors.”

Constant Ventures launches $100m venture capital fund to invest in tech startups across West Africa

Source: African Business Communities
Previous Post

Huawei, Tourism Ministry and Safaricom partner to drive wildlife conservation

Next Post

EDGE certified green buildings in Kenya save over $5 million in utility bills each year 

Next Post
EDGE certified green buildings in Kenya save over $5 million in utility bills each year 

EDGE certified green buildings in Kenya save over $5 million in utility bills each year 

RECOMMENDED NEWS

Al Gore’s firm buys £483m stake in Octopus Energy Group

Al Gore’s firm buys £483m stake in Octopus Energy Group

9 months ago
2
Angolan former President admitted to intensive care unit

Angolan former President admitted to intensive care unit

1 week ago
8
Malabo hosts African Petroleum Producers’ Organization ninth congress in 2024

Malabo hosts African Petroleum Producers’ Organization ninth congress in 2024

1 month ago
2
Dollar borrowers worry over naira fall

Dollar borrowers worry over naira fall

8 months ago
8

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business – News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • Afreximbank approves $10 million grant to operationalize the AfCFTA Adjustment Funds
  • These 4 countries are the biggest car manufacturers in Sub-Saharan Africa
  • Over 1600 African business joined Dubai Chambers since 2021

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In