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.
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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
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