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TBN

The Baobab Network (TBN), a Nairobi-based accelerator that invests in early-stage technology companies across Africa, has announced its latest cohort of investee companies. 

The cohort of five start-ups, which includes businesses in Egypt, Nigeria, and Zambia, joined a three-month intensive growth program at the beginning of March. Companies in this cohort span a wide range of sectors including FinTech, RegTech, Lending and HR Analytics. 

Speaking on TBN’s new cohort approach to investing, Arthur Chupeau, Head of Ventures at TBN, said that “We felt now was the right time to launch our cohort investment model, as the quality of companies that we see in our pipeline has improved dramatically since we first started investing in 2019. 

“We now see over 1500 applicants each year, and in the past 24 months we’ve processed applications from companies in more than 50 African countries – so our brand reaches these days is huge. Our goal is to be the preferred partner for every entrepreneur in Africa that wants to raise their first cheque” he went on to say.