Launch Africa Ventures, a pan-African investment fund, has announced its recent investment in Bosso, a Zambia-based construction supply and logistics marketplace platform.
Launch Africa Ventures Invest in Construction Supply Platform Bosso
Bosso, founded in 2022, focuses on digitization and affordability in servicing Africa’s building supply chains, targeting businesses and individuals sourcing construction materials.
With Zambia’s housing deficit projected to double by 2030 and Africa facing a backlog of 60 million housing units, Launch Africa Ventures sees Bosso as a solution to foster sustainable development and address the continent’s housing shortage.
Launch Africa Ventures stated, “Bosso’s traction and revenue growth demonstrates its ability to have a significant impact on the construction industry,” aligning with its mandate to support innovative solutions addressing pressing challenges across Africa.
Driving Positive Change in Africa
The investment underscores Launch Africa Ventures’ commitment to early-stage, technology-driven enterprises that drive positive change in Africa.
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