Africa-Focused Savannah Fund Graduates Its First Batch of Startups
Even though its startup scene is still nascent, Sub-Saharan Africa continues to grow pools of capital and entrepreneurial know-how in hubs like Nairobi, Kenya.
Today, the Nairobi-based Savannah Fund, which is raising up to $10 million for startups in the region, just graduated its first batch of companies at PivotEast, a Disrupt-like competition for African mobile startups. They include a Ghanaian e-commerce startup called Ahonya that sells electronics, a Ugandan mobile game developer called Kola Studios that’s popularized a local card game and SafariDesk, a site that helps travelers find off-the-beat experiences and places for luxury camping.
Mbwana Alliy, who returned to East Africa after business school at Stanford University, said he picked these companies out of about 170 applicants across the continent. He then puts them through a three-month accelerator in Nairobi, where he’s arranged sessions with mentors like Aardvark’s Max Ventilla or other Silicon Valley-based or…
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