Japan enters Africa’s startup sector with the participation of Novastar

by MMC
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SBI Holdings Inc.a Japanese venture capital group, plans to raise $80 million to Novastar Ventures tapping Africa for startup investment opportunities.

The Tokyo-based company will take a minority stake in Novastar, invest $40 million in its funds and raise an additional $40 million from Japanese institutional investors, the companies said in a statement Thursday.

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