By BRIAN NGUGIMore by this AuthorPlayfair Capital, the UK venture capital firm — whose founding partner Federico Pirzio-Biroli is an early-stage investor in Kenya’s Mobius Motors — has raised $32 million (about Sh3.2 billion) for investing in promising tech start-ups. Mr Pirzio-Biroli recently relocated to Kenya but will still act as chairman of Playfair Capital. An angel investor provides capital for a business start-ups, usually in exchange for convertible debt or ownership equity. Through Playfair Capital, he has invested in more than 20 companies across the UK, Europe, the US and Africa. Playfair also has some stake in Andela, a Nairobi and Lagos based company that trains programmers for placement with tech giants.

Source: Daily Nation March 07, 2019 18:45 UTC