Lens and Toulouse: Fofana and Openda Score Together.

The Lens Group, one of the largest private equity firms in Africa, has announced that it is investing in the French tech company Toulouse. The investment comes after Fofana, which was acquired by the group last year, had been struggling to find a buyer for its business.

Fofana, which provides financial services to small businesses in Africa, was acquired by the group through a combination of debt and equity financing. The deal was valued at $142 million, making it one of the largest investments in Africa's tech sector.

The investment from the Lens Group is significant as it shows that the private equity industry is becoming more interested in investing in African companies. In recent years, there have been several high-profile deals involving African companies, including the acquisition of the French company Toulouse by the Lens Group.

The Lens Group's investment in Fofana highlights its commitment to investing in African businesses and helping them to grow. By acquiring Fofana, the Lens Group has added a new dimension to its portfolio and can now take advantage of the growing demand for financial services in Africa.

In addition to Fofana, the Lens Group also has investments in other African technology companies such as Telenor, which is based in Toulouse, and NetApp, which is headquartered in Toulouse. These investments show that the Lens Group is not only interested in investing in African companies but also in supporting their growth and development.

Overall, the Lens Group's investment in Fofana and the acquisition of Toulouse will likely lead to further growth in the African tech sector. It will be interesting to see how this investment evolves over time and what impact it may have on the region's economy and innovation.