This is great news especially if you run a South African, Nigerian or Kenyan startup. SA-based investor Silvertree Capital has indicated in an official statement that it’s searching for “top tier talent to invest in and work with” in these three African countries. This is a key focus, this year, for the investment executive team which includes Manual Koser, Peter Allerstorfer, Paul Cook & Andrew Whale.

Last year, they invested $5 million in company acquisitions and business building, and will now invest an additional $10m in ecommerce enterprises this year.

Peter Allerstorfer SIH Founder and MD explains: “We are not an incubator, we are not a VC – we are in the business of building businesses, through accelerated, highly targeted investment and growth strategies, with proven businesses. We are entrepreneurs who invest in like-minded entrepreneurs. Our search for young, dynamic, hungry talent who want to scale faster and outpace their competitors, will be a key focus for us in 2016”.

Silvertree Capital is the investment arm of Silvertree Internet Holdings, a Cape Town-based consumer-focused Internet platform and parent company of Click n Compare, Faithful to Nature, Cyber Cellar, Healthcart and recently-acquired PriceCheck.