EUR 1 billion Boost Africa initiative scales up support for thousands of young African entrepreneurs
20 April 2021
European Investment Bank and African Development Bank welcome European Union and Organisation of African Caribbean and Pacific States renewed commitment to accelerate innovation and start-up investment through Boost Africa
Expansion builds on recent support for nature conservation, digital technology and businesses in post-conflict regions
Leading African investors highlight importance of supporting entrepreneurs facing COVID-19 challenges
The European Union, through the European Commission, and the Organisation of African, Caribbean and Pacific States (OACPS), has agreed to provide EUR 60 million to the European Investment Bank and African Development Bank’s joint Boost Africa initiative, enabling it to support higher risk investment.