Pan-African “gender equal investor“ Janngo Capital hits first close of €60M fund

After stints at Jumia as its former managing director at its Nigerian office and founding CEO of its Ivorian office, Fatoumata Bâ, a veteran of the African tech space, announced that her firm Janngo Capital was raising a €60 million fund (~$63 million) in 2019. The firm, looking to “invest 50% of its proceeds in companies founded, co-founded, or benefiting women,” received €15 million from European Investment Bank (EIB) as an anchor investor and planned to close the fund the following year.
Though things didn’t turn out as planned, the fund’s just-announced first close is noteworthy: it receiv

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