Goldman Sachs is investing in African tech firms. The customary American funding monetary institution and monetary services and products company has backed startups from Kenya to Nigeria and taken a principal stake in e-commerce endeavor Jumia, which listed on the NYSE in 2019.
Even though Goldman declined to comment on its Africa VC actions for this text, the corporate has spoken to TechCrunch within the past about particular investments.
Goldman Sachs is one of essentially the most enviable funding banking retail outlets on Wall Avenue, generating $36 billion in procure revenues in 2019, or roughly $1 million per worker. It’s the company that persistently looks to advance out on high, making money for the duration of the monetary crisis whereas its competitors procure been hemorrhaging. For generations, MBAs from the world’s high commerce colleges procure clamored to work there, helping carry out it a expert incubator of kinds that has spun off alums into leadership positions in politics, VC and commerce.
All that cache is why Goldman’s name taking drugs linked to African tech obtained other folks’s consideration, collectively with mine, several years ago.