Tuesday
June 13
2017

New investment initiative for African startups

Telecommunications operator, Orange has started a new programme for investment in start-ups, Orange Digital Ventures. Orange is committing 50 million euros corresponding to half of the direct investments made via its new Orange Digital Ventures Africa programme; the other half is devoted to indirect investments through specialised funding for Africa.

Orange Digital Ventures Africa is the Group’s investment vehicle for early-stage innovation projects in Africa in areas such as new connectivities, FinTech, the Internet of Things, energy and e-health.

Source: IT News Africa (link opens in a new window)

Categories
Investing, Technology
Tags
Africa, fintech, innovation, investing, investors, startup