Omobola, who is the Lead General Partner for TLcom Capital, said during a breakfast interaction with journalists in Lagos that TLcom Capital is the first international venture capital fund focused exclusively on technology enabled solutions and innovation across sub Saharan Africa and the fund will help businesses across Africa achieve significant returns, particularly those creating solutions for local and the global market

“TLcom Capital offers a great opportunity to our investor partners and global private capital to achieve significant returns as well as support world class technology entrepreneurs who are working in Africa to create solutions for local and the global markets,” said Omobola who championed government’s direct support for tech-startups as minister. Her effort would help in the creation of the Office for ICT Innovation & Entrepreneurship (OIIE), managed by the National Information Technology Development Agency (NITDA) and the set-up of the iDEA hub in Lagos.

“We look forward to finalizing our first deals and working closely with African entrepreneurs to help them reach their full potentials. It is more about helping entrepreneurs to build a good business model. We will be channeling our significant business building experience to these startups,” she added.

According to her, the company has been able to raise about $40m out of the $100million earmarked for the Venture Capital funding scheduled to end in June 2018, with the European Investment Bank (EIB) and African Development Bank (ADB) investing $10million each, others are FBN Capital, Founder of the Stanford’s SEED Institute, Bob King, while some prospective investors are working eagerly to join the Fund before it closes.

read more on http://itedgenews.ng/2017/07/21/omobola-johnson-leads-tlcom-fund-african-startups-100m/

Heritage Bank and MD Ifie Sekibo is also backing funding for entrepreneurship: https://www.bellanaija.com/2016/07/heritage-bank-ceo-highlights-success-factor-for-cbn-youth-fund-beneficiaries/