Texaf €250K Investment In Afriwise & Partnership ST Digital
Texaf has invested €250K as part of Afriwise's in its latest financing round. Afriwise is an AI-driven legal platform for African and Middle Eastern markets. Afriwise will establish a team who will work out of Silikin Village and will focus on expanding the company's database of African laws and regulations. Additionally, ST Digital, a leading African cloud services provider, will expand in the DRC by partnering with the OADC Texaf – Kinshasa data centre. This will help ST Digital cater to the growing demand for content due to rapidly spreading connectivity to internet. We welcome both advancements as Texaf is ramping up investments in the African tech space that has immense potential while being able to commercialise the 1st phase of the newly built datacentre. We keep our BUY rating and €45.0 TP.Texaf SA is a Belgium-based investment company with industrial, real estate and agricultural use in the Democratic Republic of Congo. The Company attracts foreign investors to acquire majority or minority equity investments in the productive sectors, such as infrastructure, agribusiness, energy and finance in order to generate return on investments. In the Real Estate sector the Company has holdings in Anagest, a holding company; Utexafrica, a company offering residences for rent; Immotex and Cotex, both offering offices for rent; Promotex, a property development company and Agence Immobiliere du Fleuve, a real estate services company. In the Agriculture sector the Company has holdings in La Cotonniere and Estagrico. In the Industrial sector it has holdings in Carriaf, a holding company; Carrigres and Congotex. Finally in the Financial sector the Company has holding in i-Finance Holding, a holding company and i-Finance, engaged in micro financing activities.
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