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SME Investment: Sabou Capital Secures Anchor Deal to Fund Africa Growth
SME investment in Africa got a boost as Sabou Capital secured anchor funding from the Mastercard Foundation Africa Growth Fund. The Silicon Review reports on the 300k−300k−2M tickets for tech-enabled businesses in agriculture, healthcare, logistics, fintech, and climate tech. SME Investment across Africa just received a major vote of confidence. Nigeria-based impact fund Sabou Capital has secured an anchor investment from the Mastercard Foundation Africa Growth Fund, a $200 million fund-of-funds initiative backing African-owned investment vehicles that support women-led and gender-diverse enterprises. The capital will be deployed to early growth-stage companies across Cameroon, Côte d‘Ivoire, Senegal, and Nigeria, targeting sectors including agriculture, healthcare, logistics and mobility, fintech, and climate technology. These are industries central to Africa’s real economy but historically underfunded by traditional venture capital. “We target secondary cities and regions that mainstream capital bypasses,” said Surayyah Ahmad, partner at Sabou Capital. “Many of these businesses are investment-re...
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