DOB Equity, a leading Dutch family office has acquired a stake in Moringa school – a technology learning centre – for an undisclosed amount of money.
The funds will be used for regional expansion. The DOB investment will help Moringa to strengthen its platform, allowing Moringa to address the growing demand for professional skills.
The family-backed impact investor looks to further Moringa’s efforts to provide digital training and professional skills. On the other hand, the tech school will draw experience from the family backed investor to build new courses.
DOB Equity CEO believes that the investment is timely in matching Africa’s growing youth population with increasing tech demand.
“With Kenya’s high youth unemployment and lag in vocational and technical skills, there is a huge opportunity to plug this skills gap by better training tech talent to fit the growing market needs. The increasing global demand for tech talent, together with Africa’s rapidly rising youth population, makes this opportunity even more pressing.”
DOB Equity CEO Brigit van Dijk – van de Reijt
The Perfect Match for DOB
DOB’s investment into Moringa stems from their shared interests. On one part, DOB’s past investments show that the company’s focus is on social impact ventures.
For instance, the investor has invested in Twiga Foods, Sendy, M-Kopa solar among other businesses across the region that align to its values.
SEE ALSO: Inside the mind of Brigit van Dijk – van de Reijt – CEO DOB Equity
The investment in Moringa will allow DOB to help bridge the unemployment gap through enhancing digital skills, furthering its impact initiative.
“We felt an immediate strong bond with Moringa’s truly innovative and ambitious management team. We are proud to be teaming up with them and are extremely excited about Moringa as it builds new courses and scales up to develop even more future tech leaders,” said Anne Njuki, an Investment Manager of DOB Equity.
