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AFZA Capital Launches First East Africa Fund, To Invest Up To $250k In Each Startup

Startups in East Africa have a new fund to pitch to. Early stage Venture capital firm, AFZA Capital, has launched its first East African-based fund in Nairobi as it seeks to expand to the wider African market.The firm is offering from USD 25,000 –up to 250,000 as investments in each early-stage venture it chooses to support. The fund is targeting businesses delivering social impact through disruptive innovation.

Arif Hamid, co-founder and Managing Director at AFZA Capital, said the fund is looking at businesses from incubation to Pre-series A capital in what he said is a complete corporate support system that elevates performance.

The fund will be open to investing in early ventures with both proven operational businesses and ventures still in their concept or pre-investment phase.

Read more from source article: https://afrikanheroes.com/2020/03/09/afza-capital-launches-first-east-africa-fund-to-invest-up-to-250k-in-each-startup/

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Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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