Umuntu Media receives additional $1 million funding from eVA Fund
‘Think Local, captivate the reader and build world class platforms for Africa from within Africa’ is the success formula for Umuntu Media CEO Johan Nel: Umuntu Media raised $1 million series A funding from Netherlands based eVentures Africa Fund (eVA Fund) as a first step to take the successful local information portals www.iNamibia.co.na and www.iZambia.co.zm to ultimatelly an additional nine African countries. The funds will also be partly used to build a mobile communications platform that caters for Africa’s needs. This platform will be launched in Alpha version before Jan 2012.