The Future Africa fund, launched in 2020 by Andela and Flutterwave co-founder Iyinoluwa Aboyeji, has invested US$1.1 million into 17 companies so far in 2022, adding 15 new ventures to its portfolio. Disrupt Africa reported in January 2020 Aboyeji had launched Future Africa alongside Olabinjo Adeniran and Adenike Sheriff. The key plank of this is the Future Africa fund, which was opened to co-investors in April 2020. So far, it has invested US$1.1 million into 17 companies, and welcomed 15 new companies into its portfolio by the end of April 2022. Other investments outside the continent are in products serving the African market,” Future Africa said.

Source: The North Africa Journal June 07, 2022 22:14 UTC