Hong Kong based investment incubation firm- Nest- opened its first office in Africa, in Nairobi.
The venture capital firm is seeking to provide access to funding and making introductions to successful entrepreneurs. The firm primarily targets investments that are typically seed or startup phase companies.
According to a statement from the firm, the office is its first in Africa and is expected to serve the entire continent.
The firm will be headed by Aaron Fu as the Managing Partner in Africa. Mr Fu was previously Standard Chartered Bank’s head of digital banking in Africa where he spearheaded the financial institution’s digital sales framework across the continent.