In February 2023, Universal Music Group (UMG) annouced a majority strategic investment into Mavin Global – a leading African records label based in Nigeria – the deal is subject to regulatory approval by the end of Q3 2024. By some estimates the deal is between $125M and $200M giving UMG about 80% of Mavin Global. …
Capital, Capacity and Community for ScaleUPs in Africa Read More »
The African continent has a land area of 30.37 million square kilometers (11.7 million square miles) — large enough to fit in the U.S., China, India, Japan, Mexico, and many European nations, combined. Which begs the question “how do you scaleup on a continent so big, yet so fragmented into 54 individual countries that have …
The year is 2010, a young Eric Osiakwan is engaged in two experiments; getting the West Africa Backhaul Company (WABco) off the ground as an entrepreneur during the day and backing early-stage tech startups by night. Over the next three years, the former faces major headwinds whilst the latter takes off, and with it his …
