He is a dedicated investor in Africa's growing tech ecosystem. Leveraging his expertise, he actively supports technology companies in South Africa.

Phiwa Nkambule (photo) is a tech entrepreneur, investor, and software engineer from eSwatini. He is the co-founder and CEO of Riovic Capital Group, a South Africa-based tech investment company.

Founded in 2015, Riovic Capital Group is committed to driving innovation and growth in Africa through its three main programs: a research and development program, a venture capital program, and a private equity program.

The research and development program, called Riovic Co-Build, invests in groundbreaking projects. It supports innovative ideas and promising talents capable of transforming industries and improving lives.

The venture capital program, Cybatar Seed Fund, targets early-stage tech companies with high growth potential. It provides them with funding, mentorship, and strategic advice to help them grow and disrupt traditional industries.

The private equity program, Riovic Exit Acceleration Capital Fund, focuses on mature companies with strong growth potential. By collaborating with management teams, this program aims to optimize operations, implement innovative strategies, and maximize value creation.

Before founding Riovic Capital Group, Phiwa Nkambule created Cybatar in 2014, a venture capital platform dedicated to helping tech founders launch their first product and attract initial customers. He also serves as Managing Director of IPOXCap AI, a company specializing in research and development of advanced artificial intelligence solutions tailored to specific industry needs.

Phiwa Nkambule holds a Bachelor of Laws degree from the University of Pretoria, obtained in 2012. In 2018, he served as Chief Technology Officer for Youth Employment Service (YES) South Africa, a social initiative aiming to create job opportunities for one million young South Africans.

In 2019, he joined the Royal Science and Technology Park, a public enterprise in eSwatini, as a non-executive director, supporting the design and patenting of inventions. Between August and November 2024, he also worked as an expert advisor for ALX Ventures, a tech training provider.

Phiwa Nkambule has been recognized for his impact and leadership. In 2018, he was listed among Forbes Africa’s 30 Under 30 most promising entrepreneurs in the technology category. He was also named on Destiny Man’s Power of 40, which celebrates 40 influential young leaders under the age of 40.

By Melchior Koba,

Editing by Sèna D. B. de Sodji