Technology19.02.2008
R 320 Million tech fund started
According to Business Week Plattner, co-founder of the German software giant SAP, is ‘starting a new $42.3 million pan-African venture capital fund with the help of Germany's MAN Ferrostaal, a global provider of industrial services and key player in alternative energy.’
It is reported that Plattner is investing $36.48 million of his own money in the fund, while the remainder comes from MAN.
Many well known names are involved in this project, including the son of the late Mozambique President Samora Machel, Malengane Machel, and Nelson Mandela’s wife Graca Machel-Mandela.
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