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

📆 19/04/2022 21.30.00
📰 PremiumTimesng

⏱ Reading Time:
27 sec. here
2 min. at publisher
📊 Quality Score:
News: 14%
Publisher: 78%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

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

has approved an equity investment of €9.8 million to support venture capital investments in African start-ups, from seed to growth stages.

More recently, the Innovation Fund has expanded its focus to include start-ups that are harnessing new digital opportunities created as a result of the Covid-19 pandemic, or with high potential to help fight the coronavirus. The Mauritius-based Fund is jointly sponsored by AfricInvest Capital Partners and Cathay Innovation SAS.

Other investors include German KfW/Allianz GI’s AfricaGrow, public investment bank BPI and development finance institution Proparco, both of France, and Swiss impact investor Obviam.

Tulis Komentar

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Foreign Investment: Ogun Signs $400m MoU On Olokola FTZ, Agro Processing ZoneOgun State government has signed a $400m memorandum of understanding (MoU) with a foreign firm, Arise Integrated Industrial Platform, on the development of
Sumber: LeadershipNGA - 🏆 4. / 77 Baca lebih lajut »