Former Jumia executive Fatoumata Ba of Senegal has officially announced that she has raised €15 million from the European Investment Bank. This is a key step in the development of her project to support around 20 promising startups over the next ten years.
Janngo Capital is an investment fund dedicated to supporting and developing startups through digital technology. Based in Abidjan, the startup invests in promising young companies with an inclusive social impact on the continent.
Thanks to this new investment from the EIB, Fatoumata Ba is gradually moving towards her goal of raising €60 million to support African digital champions.
Fatoumata Ba had already raised €1 million in 2018 from the Mulliez family (Auchan, Decathlon, etc.), the Clipperton Finance fund, and the French import-export company Soeximex.