Tunisian private equity firm AfricInvest that has $1.5 billion in assets under its management, is partnering with San Francisco-based Cathay Innovation, a global VC fund created by French PE firm Cathay Capital, to launch Cathay AfricInvest Innovation Fund, the two organization announced in a joint statement earlier this week.
The fund, with a projected size of about $170 million (€150 million) which could make it one of the largest VC funds in Africa, will invest in technology startups all across Africa.
Continue reading “Tunisia’s AfricInvest partners with Cathay Innovation launch $170 million fund to invest in African startups”
US Secretary of State, Michael Pompeo, has sent the regard of the United States Government to the people of Tunisia on the occasion of their 63rd independence anniversary.
He commended the Tunisian people for their dedication to peaceful dialogue, consensus building, and reform through democratic means.
Pompeo pledged that the United States will continue to support Tunisia’s efforts to strengthen its security and develop its economy.
Continue reading “Pompeo salutes Tunisians on National Day”