investments in African start-ups, from seed to growth stages.
The Innovation Fund focuses on financial inclusion , retail and logistics platforms targeting online/mobile consumers, healthcare technologies, pay-as-you-go ecosystem and off-grid energy technologies.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.
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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AfDB earmarks €10 million equity investment to drive Africa tech startupsThe investment will help Cathay-AfricInvest Innovation Fund meet its target of securing €110m to invest in over 20 early-stage ventures...
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AfDB earmarks €10 million equity investment to drive Africa tech startupsThe investment will help Cathay-AfricInvest Innovation Fund meet its target of securing €110m to invest in over 20 early-stage ventures...
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