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AfDB approves €10m investment funding for African tech start-ups

The Board of Directors of the African Development Bank (AfDB) has approved an equity investment of €9.8 million to support venture capital investments in African start-ups

Pacific statesStefan nalletambyInnovation fundOrganisation of african caribbeanAfrica programAfricinvest innovation fundEuropean unionAfrican development bankFinancial sector developmentEuropean investment bankAfrican caribbeanCathay africinvest innovation fundSaharan africaMauritius based fundAfricinvest capital partnersCathay innovation

African Development Bank earmarks €10 million equity investment to drive technologies in the wake of Covid-19

The Bank’s investment is expected to accelerate the creation of a new class of successful African entrepreneurs that will serve

Pacific statesStefan nalletambyAfricinvest innovation fundInnovation fundOrganisation of african caribbeanEuropean unionAfrica programAfrican development bankEuropean investment bankAfrican caribbeanCathay africinvest innovation fundMauritius based fundAfricinvest capital partnersCathay innovationBoost africa programEuropean investment

AfDB earmarks €10 million equity investment to drive Africa tech startups

The investment will help Cathay-AfricInvest Innovation Fund meet its target of securing €110m to invest in over 20 early-stage ventures.

Pacific statesStefan nalletambyInnovation fundOrganisation of african caribbeanAfrica programAfrican development fundAfricinvest innovation fundAfrican development bank group afEuropean unionAfrican development bankNigeria trust fundAfrican development bank afEuropean investment bankAfrican caribbeanCathay africinvest innovation fundMauritius based fund

Multinational: African Development Bank earmarks €10 million equity investment to drive technologies in the wake of Covid-19

Multinational: African Development Bank earmarks €10 million equity investment to drive technologies in the wake of Covid-19
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Pacific statesStefan nalletambyAfricinvest innovation fundInnovation fundOrganisation of african caribbeanEuropean unionAfrica programAfrican development bankEuropean investment bankAfrican caribbeanCathay africinvest innovation fundMauritius based fundAfricinvest capital partnersCathay innovationBoost africa programEuropean investment

AfDB approves €9 8m to support venture capital investments in African startups

The African Development Bank Group (AfDB) says its board of directors has approved an equity investment of €9.8 million to support venture capital investments in African start-ups, from seed to growth stages.

Pacific statesStefan nalletambyInnovation fundAfricinvest innovation fundOrganisation of african caribbeanEuropean unionAfrican development bank group afAfrica programEuropean investment bankAfrican development bank groupAfrican caribbeanCathay africinvest innovation fundMauritius based fundAfricinvest capital partnersCathay innovationBoost africa program