Take advantage of investment opportunities - Mensah

The Director of Intel Capital, Sub-Saharan Africa, Mr Samuel Mensah Jr, has urged investors to take advantage of investment opportunities in Africa to facilitate the growth of the continent.
The larger economy, he explains, holds great growth prospects for investors who would take advantage of the growing rate of innovation in the continent.
Speaking in an interview with the Daily Graphic, he said about a billion people in Africa did more with mobile phones and consumed more mobile content hence the need to help such service providers and other companies to expand their network.
He also said there was room in Africa for innovation to supply new services and added, “this is a good time to talk about investments.”
The company, he explained, had therefore injected capital into Rancard Solutions, a cloud-based software for mobile content discovery and delivery company in the country, in line with their quest to help grow the creation of local content.
The investment, according to Mr Mensah Jr, is to give the company more capital to accelerate their operations, ideas and drive for innovation.
He said Intel’s investments into Rancard signify collaboration between the two companies which is aimed at capitalising not only the company but facilitating their growth.
Intel Capital, he explained, is keen on seeing local content consumed in Africa hence their initiative to ensure that customers creating content are able to receive funds needed to find customers to make their company grow.
Although he would not disclose the exact amount being invested into Rancard, Mr Mensah said the company invests some money in technology companies every year depending on the great investment proposals they receive. He also explained that the company invests in companies for strategic reasons and not just for financial reasons, adding Rancard provides services to meet the needs of local content users hence their decision to support them.
The Chief Product Officer of Rancard, Mr Ehizogie Binite, said the capital boost from Intel Capital would elevate the company at both an operational and reputational level.
At the operational level, he explained, the company would improve its capabilities to expand their markets and operations.