Sabou Capital launches to back West African SMEs
Sabou Capital, a new investment fund aimed at closing funding gaps for small and medium-sized enterprises (SMEs) in West and Central Africa, has opened its doors, planning to invest between US$350,000 and US$1.5 million in 25 companies at the late pre-seed to Series A stages.
Launched by Surayyah Ahmad, a seasoned entrepreneur and co-founder of two previous ventures, Sabou Capital is designed to support businesses in both English- and French-speaking countries, with a focus on Nigeria, Senegal, and Ivory Coast.
Target sectors include agriculture, agroprocessing, renewable energy, climate solutions, logistics, mobility, and supply chain industries. Sabou Capital positions itself as a “micro-private equity” firm, supporting businesses that may not be tech companies in the traditional sense, but instead use technology to improve their operations and service delivery.
