The African Development Bank (AfDB) has approved a $10.5 million investment in Seedstars Africa Ventures S.L.P., aimed at supporting innovative businesses in sub-Saharan Africa. This funding, comprising $7 million from AfDB’s ordinary resources and $3.5 million from the European Union’s Boost Africa program, will enable Seedstars Africa Ventures to raise funds to invest in high-potential growth startups.
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