Nairobi, Feb. 27 -- Venture capital fund Partech Africa has raised 230 million Euros (Sh30.8 billion) for investing in technology companies in the continent including Kenya, Nigeria and South Africa.

The capital was raised from major institutional investors including Proparco, DEG, Dutch Development Bank (FMO), the International Finance Corporation (IFC) and British International Investment.

Partech Africa received more capital commitments than it was looking for, underlining increased investor interest in Africa's technology market whose growth has been aided by rising incomes and access to the Internet.

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