Launch Africa and Consonance in Nigerian education deal

Nigerian education company Semicolon Africa has closed a $1.2 million seed funding round. The round, which was oversubscribed, had participation from angels and VCs like Launch Africa Ventures and Consonance Investment Managers.

Semicolon, which trains software engineers and tech entrepreneurs, indicated that the seed funding will go towards increasing its talent database, improving infrastructure, and expanding to more cities across Africa.

In 2020, Google and the International Finance Corporation (IFC) in a joint report disclosed that there are only 690,000 professional developers in Africa and that the top training pathways were being self-taught and through university programmes. This figure represents 0.2% of the 1.3 billion people in the continent. The report reinforces the need to grow more tech talent to strengthen the ecosystem that is capable of changing the course of Africa’s history.

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