Startupbootcamp, Tycoon Plan $250 Million Africa Startup Fund [Yahoo! Finance Canada]
Barclays PLC (BCS)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The venture is also raising money from other development institutions and expects to make its first investments in the next three to six months, Thakkar said in an interview. The deal, which was signed at an Africa-focused event at the Future Investment Initiative in Saudi Arabia last week, will target startup hubs in South Africa, Nigeria, Kenya, Ivory Coast and Egypt, according to Thakkar. The fund hasn't been reported previously. Africa is home to the world's fastest growing and youngest population, with many turning to technology to deal with a myriad of challenges, including limited infrastructure. Cities including Cape Town and Johannesburg in South Africa, Nairobi in Kenya and Ebene in Mauritius are likely to emerge as the continent's tech hubs, according to a study by New World Wealth and South African software developer Platform45. Startupbootcamp is a network of accelerators active globally with a total portfolio valuation of €5.6 billion ($
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