You’d be forgiven for thinking the Zimbabwe startup ecosystem has been thrown into the future, because it definitely feels like it. Strive Masiyiwa is in the country. We haven’t received much detail about this yet, so we can’t share much at the moment except for a few indications we’re getting from some sources close to Econet founder.
The founder of Econet Wireless is in the country and top of his mission is to activate technology startups with a $100 million venture capital fund. According to our sources the fund, called Enhanced Startups, has already been set and a team is scouting the market for potential startups who will receive seed funding. While the focus is on early stage investing, the Enhanced Startups fund will also do later stages of investment depending on the size of opportunity. We’re also told that at least 4 startups have been identified so far.
Masiyiwa has assembled a team of experienced startup entrepreneurs and venture capitalists drawn from mainly Silicon Valley, Kenya, South Africa and India, to drive Enhanced Startups. These include entrepreneurs that have funded or founded companies that were eventually bought by the likes of Google, Apple, Facebook and other such tech giants.
That’s all we have right now, but please do check back for the live stream.