Nigeria Launches $618 Million Tech Fund for Young Investors
Nigeria launched a $618 million fund on Tuesday to support tech and creative sectors for young investors who struggle to raise capital in Africa’s largest economy.
The fund – targeting 15 to 35-year-olds – comes at a time when there are concerns locally about the failure of U.S. startup-focused lender SVB Financial Group, which has supported startups in Nigeria.
Photo courtesy of Vu Hoang.
Source: Reuters (link opens in a new window)
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- creative economy, failure, startups, youth
