It is by participating in the raising of $ 8.6 million from Africa’s Talking alongside IFC World Bank and Social Capital that Orange Digital Ventures Africa, the new initiative for Africa’s investment fund Orange launched last June, plans to make its first investment. The operation announced this Friday, April 27, is subject to conditions precedent of use, including the approval of the competent Kenyan authorities.
Based in Nairobi, Kenya, Africa’s Talking is today the leader in facilitating access to telecommunication operators’ communication and payment APIs (APIs) from developers.
Once completed, this operation will enable Africa’s Talking to accelerate its internationalization in order to support its clients’ expansion strategy. Beyond Kenya, the company has now started operating in Uganda, Rwanda, Tanzania, Malawi, Nigeria and Ethiopia.
At the launch of its Orange Digital Ventures start-up investment program in June 2017, Orange Group committed 50 million euros, half of which correspond to the direct investments made through this program; the other half is devoted to indirect investments through specialized funds in Africa.
