Janngo Startup Fund secures US$12m from AfDB to support African tech entrepreneurs

WEST AFRICA – The African Development Bank (AfDB) has announced the approval of US$12 million (€10.5m) in investment funds to support African tech entrepreneurs through the Janngo Startup Fund. The Fund includes US$7.9 million from the AfDB and a US$3.9 million contribution from the European Union and the Organisation of African, Caribbean and Pacific States. Stefan Nalletamby, the bank’s director…

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