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Global tech investor techstars selects its first company from East Africa

Published on February 15, 2016

The international investors that have boosted more than 650 technology startups have thrown their weight behind their first East African company, Kenya’s Bamba Group. US accelerator TechStars believes Kenya's Bamba Group could be the next AirBnB or Dropbox within the next five years. The experts will put Bamba through intensive training in Austin, Texas, and give them a cash investment to fast-track their growth. TechStars Austin Managing Director, Amos Schwartzfarb, said: “We are very happy to select the first company from East Africa into the TechStars programme. Bamba Group is a testament to our globalized world where a startup from any corner of the planet can rise up, pursue their passion and make a lasting impact on the world.” Bamba Group, a Nairobi-based business founded 3 years ago, developed a data collection software that can run in any country. Read more. Source | BizTech Africa