Tekkorp Capital Sets Sights on African Opportunities
Global betting and gaming investor Tekkorp Capital is expanding its focus to Africa, recognizing the continent as a high-growth market with significant potential in the gambling sector. The firm is actively seeking partnerships with locally led businesses to help elevate them into regional industry leaders.
Tekkorp aims to provide a broad range of support to its investors, including operational, technical, and strategic assistance, as well as access to capital. This support encompasses product solutions, media partnerships, payment systems, and legal expertise. By shining a spotlight on the African market, Tekkorp hopes to encourage more businesses to enter the gaming space.
Conor O’Donovan Leads Tekkorp’s African Expansion
To spearhead its efforts in the region, Tekkorp has appointed Conor O’Donovan as its Africa Partner. In this role, he will identify new investment opportunities and assemble an advisory and management team to guide strategic investment and operational oversight across the continent.
O’Donovan brings years of experience in the African gaming sector to his new position. He is the founder of Tribe54, an investment company focusing on payments, fintech, gaming, and gambling industries in Africa. His background also includes roles with NewPlay Group and Betyetu Group, organizations with a presence in East and West Africa.
“Our goal is to turn these promising companies into regional leaders, building a diversified portfolio of high-performing, compliant brands with strong governance, unblocking the barriers to major operators investing with confidence”, O’Donovan stated.
Expectations of Strong Market Growth
Matt Davey, founder and chairman of Tekkorp Capital, anticipates significant growth in Africa’s gambling market. “This will encourage more operators to enter the space, and that’s why we believe the time is right to get ahead of the coalescing trends and create a balanced portfolio of premium African assets, underpinned by our local expertise, to best capitalize on this profitable opportunity,” he said.
Tekkorp’s strategy involves creating a balanced portfolio of high-performing brands that adhere to strong governance and compliance standards. By leveraging local expertise and unblocking barriers to investment, the firm aims to foster a thriving gaming industry in Africa that attracts major global operators.