IFC considers investment in TLcom fund
The IFC is considering an equity investment of up to $10 million in the TIDE II fund, an Africa-focused venture capital fund investing in seed to series A tech and tech-enabled companies mainly in East and West Africa.
The fund’s sectoral focus will mainly be in the fintech, e-logistics, e-supply chain and healthtech space.
TIDE II is managed by TLcom Holdings, a United Kingdom-based entity wholly owned by TLcom Capital LLP.
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