Toyota Tsusho Corporation has announced an investment in the Samurai Africa Fund 2, a fund managed by Samurai Incubate.

In October 2019, Toyota Tsusho and its subsidiary CFAO established Mobility 54, an investment company dedicated to the financing of mobility-related start-ups operating in Africa. Since its establishment, Mobility 54 has invested approximately $12 million in four startups.

This new investment into Samurai’s fund is aimed at scouting start-ups in fields other ...