As part of its broader "Blue Economy Strategy", the government of Zanzibar is accelerating investment in sports infrastructure, youth development, and governance.

Dr. David Kofi Wuaku has been appointed as its first fund manager, marking a key milestone in the professionalisation of sports financing in Ghana. Dr. Wuaku brings over 30 years of experience in banking and financial management.

Financially, the firm has delivered: 13.7x overall cash-on-cash returns across fintech investments over five years, 29x return on LemFi following a $53m Series B, 5x cash-out from OmniRetail Africa.

The initiative is to shift focus from natural resource extraction to long-term human capital development in other sectors such as sports.

The fund is designed to develop infrastructure across the country from tracks and stadia to multi-purpose sports facilities, a move that will improve local sporting ecosystems and enhance facilities.

Casa Région Sport will gradually replace Sonagres and Casa Events in managing the region's major stadiums, including the Stade Mohammed V Complex, the Larbi Zaouli Stadium and the future Hassan II Stadium which is currently under construction.

The African startup that fused fantasy sports with pop culture announced its closure after four years in operation. Founder Fola Folowosele announced earlier this week ending a venture that began with the support from Techstars. Beşiktaş J.K Professional Footballer Wilfred Ndidi who was also an investor.

The league launched the program last year to support the continents technology advancement and ecosystem and the next African entrepreneurs. The program is open to early-stage African startup companies that develop solutions in the sport and creative industries.