A regional multilateral development bank established to contribute to the economic and social development of African countries.
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.
AfDB to commit $10M to KawiSafi Fund II to support Africa's climate startups
The African Development Bank Group (AfDB) will commit $10 million to the KawiSafi II Fund. The investment will come from the Sustainable Energy Fund for Africa (SEFA).
