Namibia based Baobab Capital is raising $50m through the Baobab Growth Fund II to drive the growth of early-stage, fast-growth companies across Southern Africa. The fund will leverage off the success of the Baobab Growth Fund I which has successfully invested in eight companies in Baobab’s home market of Namibia.
The launch of the fund presents an opportunity both for investors looking to tap into the growth of early-stage African start-ups and for entrepreneurs ready to scale their business in the SADC region.
The 2017 African Investing for Impact Barometer (AIFIB) shows that investing for positive social and environmental impact or good governance is becoming the norm rather than the exception on the continent, with $428.29 billion in financial assets having been directed to this end in southern, East and West Africa in the past year.
Without visiting Ethiopia, it’s hard to gauge the country’s movement towards a digital economy. However, Ethiopia is racing to become a leader in an African digital financial services revolution.