African Development Bank Group Board approves €10.5 million pooled investment in tech start-up fund to boost innovation across sub-Saharan Africa

The Board of Directors of the African Development Bank Group has approved an equity investment pool of €10.5 million toward the first close of the Janngo Start-Up Fund, a pan-African tech start-up fund. The pooled funds comprise €7 million provided by the African Development Bank and a €3.5 million contribution by the European Union and the Organization of African, Caribbean and Pacific States.

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