African Development Bank
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Funding
Egyptian legal Ed-Tech Startup Kouncel Raises $1.2m Pre-seed Funding
Egyptian legal ed-tech startup Kouncel has raised a US$1.2 million pre-seed funding round to help it scale. Founded this year…
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Morocco secures US$136mn loan from AfDB to boost speedy SMEs recovery
The Board of Directors of the African Development Bank Group (AfDB) approved a loan worth US$136mn to Morocco to implement a program…
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Financial Services
AfDB baggs US$136mn for its Sustainable Energy Fund for Africa
The African Development Bank (AfDB) has just bagged US$136mn in additional investment for its Sustainable Energy Fund for Africa (SEFA). The announcement was made…
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G7 Development Finance Institutions and multilateral joins forces with IFC to invest over $80bn into African businesses over the next five years
The G7 DFIs, the IFC, the private sector arm of the African Development Bank, EBRD, and the European Investment Bank…
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Pula & M-KOPA secures $1.3mn grant from AfDB to support female entrepreneurs
Nairobi-based Pula Advisors and M-KOPA have just landed a $1.3mn grant from African Development Bank (AfDB) for research that will increase…
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Kenyan Off-Grid Startup SunCulture Secures $14m
Efforts aimed at boosting agricultural production output in Africa received a boost with the planned solar-powered irrigation expansion drive across Africa being proposed by…
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Uganda MSMEs Receive $500 000 Grant
The African Development Bank has collaborated with the Government of Uganda to sign a $500 000 grant agreement to support micro,…
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25 Young African Agripreneurs Advance To ‘Boot Camp’ In The African Development Bank’s $120,000 AgriPitch Competition
(AfDB ) – Twenty-five young African agripreneurs have advanced to the “boot camp” final round of the African Development Bank’s…
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FFI Set To Close $42bn Financial Gap Among African Women
By Providence Emmanuel Future Female Invest, FFI, has said that it is set to close $42 billion financing gap for…
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African Development Bank approves $27 million to boost African Union’s COVID-19 Response Initiative
The African Development Bank on Friday 24 July approved $27.4 million in grants to boost the African Union’s (AU) efforts to…
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