Intel Capital extends its operations into Africa


intel_sign_horiz.jpgIntel Capital is extending its operations into Africa and has appointed Sam Mensah as its Director for South and Sub-Saharan Africa.

Mensah has been at Intel Corporation for the past six years. During that time he initiated and led Intel’s expansion efforts into Sub-Saharan Africa, building relationships to deliver Digital Inclusion programs that increase PC and internet penetration in African countries. He previously worked in London at Deutsche Bank and tech consulting firm Gresham Financial Systems. He holds an MA and BA in Economics and Management from Oxford University.

“Intel Capital will seek out and make strategic investments, allowing innovative home-grown technology companies not just access to our capital but also our technological expertise and global network. The move into Africa illustrates Intel’s view that Africa, as an emerging market, will continue to unearth great business opportunities for us,” says Mensah.

Intel Capital, Intel’s global investment organisation, makes equity investments in innovative technology start-ups and companies worldwide. At the end of 2008 the Intel Capital investment portfolio is valued at approximately US$2,126 billion globally. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet, semiconductor manufacturing, and clean technology.

“We are excited by the opportunity Africa brings. We continue to pursue our mission to seek out leading technology companies and back great entrepreneurs across the world. We look forward to investing and working with local businesses to help them grow by using our global network,” says Ashish Patel, Intel Capital’s Managing director for Europe, Middle East and Africa.

Since 1991, Intel Capital has invested more than US$7,5 billion in approximately 1 000 companies in 45 countries. In that timeframe, 168 portfolio companies have gone public on various exchanges around the world and 212 were acquired or participated in a merger.