Serrari Group

Finance & Investment News|Finance Calculators|Online Courses|Personal Finance Tips Business Finance Tips Macro Economic News Investments News Financial & Investments Calculators Compare Economies & Financial Products My Serrari Serrari Ed Online Courses

World Bank-backed Fund Invests $4.3 Million in Africa's Gender-Equal Tech Initiativ

ANAVA, a fund of funds supported by the World Bank, has pledged €4 million ($4.3 million) into Africa’s Janngo Capital Start-up Fund (JCSF), marking its inaugural investment in a pan-African venture.

The investment aims to bolster approximately 25 early-stage tech startups, primarily in Francophone Africa, with a special focus on Tunisia. Janngo Capital’s mission is to empower tech startups that facilitate access to essential services such as healthcare, education, and financial solutions. Noteworthy is the fact that 56% of Janngo’s current portfolio comprises female-founded and led enterprises, with the fund committing up to 50% of its new investment for initiatives benefiting women.

Alaya Bettaieb, Managing Director of Smart Capital, which oversees ANAVA, expressed confidence in the investment’s potential to amplify the presence of Tunisian startups across the continent while fostering strategic alliances with global stakeholders.

ANAVA, jointly financed by the World Bank, Caisse des Dépôts et Consignations, and KFW, reiterates its commitment to driving sustainable development and innovation in Africa through strategic investments.

This injection of capital not only reflects the World Bank’s steadfast support for initiatives promoting gender equality and technological innovation but also signals a shift towards investment strategies prioritizing ventures with significant societal impact.

As Africa strides towards a digital future, collaborations like these hold promise in unlocking the continent’s vast potential, driving economic growth, and creating a more inclusive and prosperous tomorrow.

Photo Source Google

By: Montel Kamau

Serrari Financial Analyst

28th March, 2024

Share this article:
Article and News Disclaimer

The information provided on www.serrarigroup.com is for general informational purposes only. While we strive to keep the information up to date and accurate, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

www.serrarigroup.com is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information on the website is provided on an "as-is" basis, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

In no event will www.serrarigroup.com be liable to you or anyone else for any decision made or action taken in reliance on the information provided on the website or for any consequential, special, or similar damages, even if advised of the possibility of such damages.

The articles, news, and information presented on www.serrarigroup.com reflect the opinions of the respective authors and contributors and do not necessarily represent the views of the website or its management. Any views or opinions expressed are solely those of the individual authors and do not represent the website's views or opinions as a whole.

The content on www.serrarigroup.com may include links to external websites, which are provided for convenience and informational purposes only. We have no control over the nature, content, and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorsement of the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, www.serrarigroup.com takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

Please note that laws, regulations, and information can change rapidly, and we advise you to conduct further research and seek professional advice when necessary.

By using www.serrarigroup.com, you agree to this disclaimer and its terms. If you do not agree with this disclaimer, please do not use the website.

www.serrarigroup.com, reserves the right to update, modify, or remove any part of this disclaimer without prior notice. It is your responsibility to review this disclaimer periodically for changes.

Serrari Group 2023

 

×