The coronavirus pandemic accelerated digital transformation projects in Africa, boosting demand for digital tools. This creates a funding gap, which is partially filled by investment funds and venture capital firms.

Pan-African diversified group Axian announced Monday (Feb 13), the launch of Axian Investment, an entity that will manage its investments in tech and innovative companies in Africa.

According to the press release issued by the group, Axian Investment will aim to share the group's experience and provide support, directly and indirectly, to companies at different stages of maturity.

"It will empower AXIAN Group to deliver an even broader positive impact through diverse yet synergized investments, reaffirming its commitment to support entrepreneurs and create shared and inclusive values. Meanwhile, supporting Africa’s growing position within the global economy," the release informs.

The Pan-African group kickstarted the implementation of its long-term investment strategy in 2017 by taking indirect stakeholding in companies and startups. To date, it has invested in 20 private equity and venture capital funds "across the world, but with a strong regional focus on Africa."

Currently, its venture capital branch is a minority shareholder in 10 African start-ups. It aims to accelerate its activity and spread across the entire ecosystem (fintech, e-commerce, e-health́, e-logistics...). It will also create synergies with the group's other activities.

Samira Njoya