Japanese financial conglomerate SBI Holdings has made a landmark $40 million multi-fund commitment to Novastar Ventures, a leading Pan-African VC firm. This marks SBI’s first direct investment into an African VC, expanding its presence in the continent’s startup ecosystem. As part of the deal, SBI will take a minority stake in Novastar and gain a board seat to advise on Africa’s strategy. SBI’s Riki Yamauchi will join Novastar’s investment team to ensure partnership objectives are achieved. SBI also pledged to rally other Japanese institutional investors to match its Novastar investment, reflecting growing Japanese interest in African opportunities. SBI Holdings Chairman and CEO Yoshitaka
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