Africa

Sony's venture arm plans to look to Europe and beyond for backers when it launches its next fund, as it expands to Africa and seeks content as well as tech.

South Africa's strong fintech sector, financial and regulatory systems make it an opportunity for foreign investors, but local corporates need to help seed the startup ecosystem.

Venture capital fund and platform Founders Factory Africa is growing its portfolio and seeks corporate investors to fund African startups.

Longhorn Digital Ventures Studio Kenya will act as an incubator for edtech innovations and support digital education content.

Kevin Ssemwogerere, previously a renewable energy-focused CVC lead, is appointed SVP of investment banking ventures at the South African bank.

Husk Power Systems has just raised $100m from investors including Shell to build 1,500 solar mini-grids in India and Nigeria in the next four to five years.

Sony Innovation Fund: Africa will make investments in gaming, music, movie and content distribution sectors.

Axian Investment aims to invest in 10 startups a year in sectors such as fintech, insurtech and logistics.