A regional multilateral development bank established to contribute to the economic and social development of African countries.
AfDB Commits €7.5 Million to Breega Africa Seed Fund to Fuel Tech Startups Across the Continent
The African Development Bank Group approved a €7.5 million investment into the Breega Africa Seed I Fund. The financing package includes €5 million in direct equity capital and €2.5 million from the European Commission.
African Development Bank Approves €6.5 Million Investment in Saviu II Venture Capital Fund
The African Development Bank Group approved a €6.5 million investment in Saviu II on February 27, 2026. Saviu II is a venture capital fund that succeeded Saviu I, which launched in 2018 with a €10 million fund backing 12 startups.
Standard Bank & African Development Bank Empower SMMEs & Trade
The African Development Bank Group and Standard Bank Group signed a landmark agreement to increase funding for SMMEs. Standard Bank of South Africa Limited secured a R3.6 billion social bond investment to enhance lending capacity for SMEs.
Africa Venture Firm Janngo Capital Raises $78 Million For Its Second Fund
Janngo Capital closed its second fund at €73 million. Main backers include African Development Bank Group and European Investment Bank.
Equator Africa gets $5 million to support climate tech innovation in Africa
Equator Africa closes an additional $5 million from IFC. Initial close of $40 million secured in April 2023.
