TRACE buys a stake in CoinAfrique (Senegal)

TRACE, a French media company has bought a stake in Senegal based mobile classifieds company known as CoinAfrique. The startup provides mobile classifieds services to at least 15 French speaking countries within francophone Africa. The company was founded in 2014 by Matthias Papet and Eric Genêtre. Investisseurs & Partenaires (I&P) also previously acquired a 15% stake in CoinAfrique which has assisted with CoinAfrique’s expansion plans. The amount invested by TRACE is undisclosed.

 

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