CDC Group, a UK development finance organization, is investing $15 million in TLcom Capital’s TIDE Africa Fund. The Group will support tech companies that are solving problems like unemployment and inequality.
Rocket Internet’s Africa play, AIG (Africa Internet Group) raised 50 million Euros from the CDC, UK’s development finance institution. This equity investment brings their total raise till date to around $467 million, and it will be used to “improve existing operations and expand into new countries”. Recall that all ten startups under AIG were brought […]