African Development Bank Group Invests $15 Million in SPE PEF III to Support Growth-Stage Businesses in Africa
The Board of Directors of the African Development Bank Group has approved a $15 million equity investment in the SPE PEF III private equity fund to support growth-stage businesses across Africa. The decision was taken in Abidjan on 25 March 2026.
Photo courtesy of Christina @ wocintechchat.com.
Source: African Development Bank Group (link opens in a new window)
- Categories
- Education, Health Care, Investing
- Tags
- development finance, MSMEs, startups
