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Mo Ibrahim’s Satya Capital & TPG Growth Partner to Invest Over $1B into African Startups

Imagecredits:www.mrfcj.org
Imagecredits:www.mrfcj.org

With more than $7 billion of assets under management TPG Growth and Mo Ibrahim’s Satya Capital have partnered in a move to identify and invest over $1 billion in companies in Africa.

TPG Growth has investments in various emerging markets such as Vietnam, Myanmar, India and Brazil while Dr. Ibrahim and Satya know Africa. The deal will see them invest between $1m to as much as $400m into healthcare, TMT, consumer and financial services firms on the continent.

In a statement Dr. Ibrahim said: “The African economy is just starting to realise its potential, and there are businesses and entrepreneurs across the continent that will thrive with the right operational support and access to global markets. I believe this partnership will give African entrepreneurs a very powerful platform.”

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Satya Capital aims to invest between $300 million to $400 million in the deal and the rest will be footed by TPG Growth. The firm’s will also give the firms the same operational support and focus across the continent to fuel innovation and entrepreneurism on the continent.

Sam Wakoba
Sam Wakobahttp://techmoran.com
Taking you on tour through Africa's tech and business ecosystem, one story at a time since 2010! Based out of Nairobi, Kenya, Sam is the founder and managing director of Moran Media, which runs¬† TechMoran.com, various other digital platforms and a startup incubation hub for Kenya's youthful entrepreneurs. Drop me a mail at [email protected]

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