Lifting Africa Through Venture

Backing visionary founders transforming East Africa's digital future

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Investing at scale in Africa's digital infrastructure layer

Animated network graph over Africa

Africa is the world's youngest, fastest-growing digital market — and its most under-built. Mobile broadband now covers over 83% of the continent, yet only 39% of its 1.5 billion people are online — a vast gap between physical and digital infrastructure, both essential to the leapfrog within reach. The potential of Africa's digital economy remains largely unrealized: countless offline, manual activities are still waiting to be digitized and automated. A fundamental revolution is underway today — one that reshapes the continent's divides into democratized economic rights.

The next decade of African value creation will accrue not to thin adoption-layer plays, but to the innovators who own the underlying infrastructure — the datasets, the intelligence, the autonomous capabilities. With that conviction, we invest in early-stage East African tech startups, across sectors, with such core competencies in digital infrastructure. Building infrastructure is hard, but it yields the most durable returns and creates invisible, life-changing impact over the long run.

Fastest-growing markets
poised for breakout growth

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7%+
Avg. GDP Growth
across portfolio markets
$115B
Digital Economy
growing to $700B by 2050
250M+
Consumers
expanding with urbanization
#1
Working-Age Population
globally by 2050
7.1%Projected GDP growth 2026

Ethiopia 🇪🇹

  • Rapid digitization — 40M new digital wallets in 18 months
  • Structural reforms — financial sector liberalization
  • Demographic scale — 130M people, second-largest population in Africa
6.3%Projected GDP growth 2026

Tanzania 🇹🇿

  • Macro stability — steady growth, low inflation, positive real yield spreads
  • Growing mobile penetration — 60M+ active mobile money users transacting $76B+
  • Strategic position — the gateway port for 6 landlocked African economies
7.5%Projected GDP growth 2026

Rwanda 🇷🇼

  • Governance — ranked top 3 in Africa for business environment
  • Government as growth partner — active state co-investment
  • Pan-African hub — Kigali International Financial Centre
7.6%Projected GDP growth 2026

Uganda 🇺🇬

  • Demographic dividend — median age 16, youngest population globally
  • Energy emergence — oil expected 2026, unlocking $20B+ in upstream investment
  • Untapped agriculture and fintech intersection — 70%+ workforce in agriculture

Invest to advance economic inclusion,
climate, and human capital

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